July 9, 2016

To Re-Examine Philosophies And Religions

A look at political change and the global housing bubble starting with News Limited in Australia. “There’s a revolution happening. It’s the rise of the ‘up yours vote,’ the protest movement that brought Britain to its political knees and continues to fuel the Trump campaign in America. That movement, simmering away for almost 20 years in Australia, finally bubbled over at the weekend when voters thumbed their noses at the political establishment, en masse. An unprecedented quarter of Australians have given their first preference to parties other than the Labor and the Coalition — the highest primary vote for minor parties and independents in the country’s history.”

“‘It’s the rage against the machine that is Canberra,’ says Craig Emerson, adjunct professor at Victoria University. ‘There’s a post-war unwritten agreement in Western countries which said it was OK for the rich to get richer as long as the poor and the middle got richer too. But that agreement has been broken — the rich are getting richer and the poor are going nowhere and that’s why Donald Trump has emerged as a candidate.’”

“‘There’s another agreement, an intergenerational agreement in which we ensure that future generations will at least be able to afford their own home. But that agreement has been broken by Baby Boomers who are saying, ‘It’s all mine and I want more’. The Coalition’s attitude is that the higher housing prices are, the better. It sends a very clear message to young people that they’re not relevant. In fact, the intergenerational problem they’ve created is greater than the other one. They are saying to young people, ‘We don’t care about you’ and young people are saying, ‘You know what? We don’t care about you either.’”

Radio New Zealand. “Prime Minister John Key has dismissed as ‘crazy’ a suggestion local and central government should deliberately crash Auckland house prices. A former Reserve Bank chair Arthur Grimes has said Auckland property prices must come down by 40 percent. John Key said that was just crazy. ‘Go and ask the average Aucklander who’s got a mortgage with the bank whether they want to see 40 percent of their equity disappear on a sort of notion from an economist that you’re going to crash the market.’”

“Dr Grimes said people who had already bought houses at inflated prices would lose out, but that was no different to in other parts of the country when prices had come down 20 to 30 percent in the past. ‘Don’t forget, prices in New Zealand and various places do fall 20 or 30 percent over a few years, east coast of the North is at the moment, South Island in the past. That’s the way it goes if you buy an overpriced asset, is you lose money, that’s just the normal way of things isn’t it.’”

Fairfax New Zealand. “The arguments between the young and old are well rehearsed, but that doesn’t mean they aren’t important. Millennials rail against a bubbly property market that locks them into damp boomer-owned rentals forever, sky high student loans, and continued inaction on climate change. In turn, baby boomers note that everything millennials have boomers gave them, record-low interest rates, and how much harder university entrance once was.”

“‘What frustrates young people is that from our perspective the older generation don’t appreciate what they had growing up, and so don’t feel strongly about preserving it for our generation,’ said 21-year-old Leroy Beckett of Generation Zero, a youth climate action group. ‘I don’t know if its a product of them benefiting from those things and throwing them because they no longer need them, or because they don’t realise they helped them get where they are today.’”

“Beckett is clear on what ‘things’ he means: affordable housing, free tertiary education, and a stronger social welfare system. On housing the numbers appear to back him up: in the 2013 census 74.9 percent of those aged 60-65 owned their own home, compared to 36 percent of 30-34 year olds and 18.4 percent of 25-29 year olds.”

“Economist Shamubeel Eaqub, an (older) millennial himself, doesn’t believe a generational war is coming - he believes it’s already in full swing. ‘A lof of the wealth and the success of the boomers is in fact burrowed from the future. [...] Millennials are hard done by and boomers are doing well out of that. They are sitting on undeserved asset price wealth that has essentially been stolen from their children and grandchildren. From that perspective I really do resent where the boomers are at - it’s not because they are really smart that the house prices are going. They think ‘I’m rich I must be smart’ - well no you’re rich because you were at the right place at the right time.’”

“‘Young folk do have some very legitimate grievances about what boomers have done to the property markets,’ said right-leaning Gen X economist Eric Crampton. ‘We are approaching a point where only rich old people can afford to live downtown. Once that starts tipping here you will see what happens in Sydney - where older people have killed all the nightlife. Go to any local board hearing where they are trying to talk about intensification or terrace housing - it’s just a sea of grey heads.’”

The Guardian in the UK. “We’ve have had no end of a lesson: it will do us no end of good!’ So said Rudyard Kipling of the Boer war, and he might well say the same today. David Cameron’s wild European gamble has failed. He and the British establishment took democracy for granted. They lined up all the toffs and boffins, the chief executives, tycoons and clever-clogs in the (south of the) land, and asked the nation to pat them on the back. The invitation to a punch in the face was too good to miss.”

“Brexit is starting to deliver. British politics was constipated and has now overdosed on laxative. It is experiencing a great evacuation. It has got rid of a prime minister and is about to get rid of a leader of the opposition. It will soon be rid of a chancellor of the exchequer and a lord chancellor. It is also rid of two, if not four, Tory heirs apparent. Across the spectrum the left is on the brink of upheaval and perhaps historic realignment, if only the Liberal Democrats have the guts to engineer it. The Greens and Ukip have both lost their leaders. An entire political class is on the way out. As Oscar Wilde said of the death of Little Nell, it would take a heart of stone not to laugh.”

“The speculative fever that has fuelled the London property bubble will end. The capital’s demented skyline is already ruined, but may win some respite. It will stand as an enduring monument to the Cameron-Johnson era: one of ugly, uncontrolled greed.”

“All governments, democratic as well as authoritarian, tend in time towards the Augean stables. They need regular cleaning out. But the cleaning is rarely at moments of their choosing, and the effort can be Herculean. But as Chesterton’s Napoleon of Notting Hill reflected in the heat of battle, there is nothing like being hit over the head ‘with six feet of pole with six pounds of steel’ to cause you to ‘re-examine philosophies and religions.’”

“Social democracy and capitalism both need hitting over the head from time to time. It detoxifies them of bureaucracy, monopoly and cronyism. Britain is experiencing such a time. It should do us no end of good.”

From Market Watch. “Many investors must be hoping that somehow they can wake up from a very bad dream and get on with their lives in a world where the U.K. had decided to stay in the European Union. That, as we now know, is not what happened. The worrying point for investors, however, is not just that they didn’t get the result they wanted. It is that they read the British referendum so completely incorrectly — and convinced themselves that the Remain side would eventually win.”

“That is hardly the first time that has happened. The markets got the 2015 election in Britain upside down as well. They didn’t think that Donald Trump would ever be the Republican nominee. They read the Spanish elections last month incorrectly, and the Austrian elections as well. An accident? Perhaps. After all, these things are intrinsically difficult to predict. But it is also possible that something more fundamental is happening — that investors have become completely unable to predict political changes.”

“There are two compelling reasons why that might be the case. One is that the polls have become far less reliable than they were in the past. The second is that traders and fund managers live within a privileged bubble and have little contact with angry voters who are driving populist insurgencies across the world. If either is true, they need to fix that — and fast — or else they are going to carry on losing huge amounts of money.”

“The people who actually make up the markets are bankers, brokers, fund managers, journalists, and well-off private investors. They are all inside a prosperous bubble. The people who are left behind are somewhere else. They don’t have a voice in the markets because they don’t have any money to invest (which is, of course, part of the problem).”

“As political battles across the developed world become increasingly a contest between the winners and losers from globalization, the markets have become more and more clueless. One reason most people thought Remain would win was because in the City, and in most of London, you didn’t encounter any Leavers.”

“Likewise, you don’t meet any Trump supporters on Wall Street or in Washington. The people inside a well-off bubble can’t read the political mood at all — because they have no idea how people outside that world feel. As populism becomes stronger and stronger, and as revolts against elites grow in force, the markets need to get better a handle on that. They need to understand that a lot of their fellow countrymen don’t live as comfortably as they do, and don’t have the same kind of opportunities.”

“Many are struggling to get by on minimum wages and facing intense competition for their jobs from migrants who will work for less. If they don’t start to understand that, they will keep getting blind sided — and will end up losing fortunes in the process.”




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287 Comments »

Comment by Ben Jones
2016-07-09 02:16:06

‘There’s a revolution happening. It’s the rise of the ‘up yours vote’

‘The Coalition’s attitude is that the higher housing prices are, the better. It sends a very clear message to young people that they’re not relevant. In fact, the intergenerational problem they’ve created is greater than the other one. They are saying to young people, ‘We don’t care about you’ and young people are saying, ‘You know what? We don’t care about you either.’

‘people who had already bought houses at inflated prices would lose out…That’s the way it goes if you buy an overpriced asset, is you lose money, that’s just the normal way of things isn’t it’

‘The speculative fever that has fuelled the London property bubble will end. The capital’s demented skyline is already ruined, but may win some respite. It will stand as an enduring monument to the Cameron-Johnson era: one of ugly, uncontrolled greed’

‘traders and fund managers live within a privileged bubble and have little contact with angry voters who are driving populist insurgencies across the world…The people who actually make up the markets are bankers, brokers, fund managers, journalists, and well-off private investors. They are all inside a prosperous bubble. The people who are left behind are somewhere else. They don’t have a voice in the markets because they don’t have any money to invest (which is, of course, part of the problem).’

‘As political battles across the developed world become increasingly a contest between the winners and losers from globalization’

Comment by Ben Jones
2016-07-09 06:06:54

‘That movement, simmering away for almost 20 years in Australia, finally bubbled over at the weekend when voters thumbed their noses at the political establishment, en masse’

I’ve read there been something like 16 elections recently that have had meaningful anti-establishment outcomes. Ask yourself; are you happy with how the housing bubble came about, how it was dealt with, how house prices are now? Sure, this isn’t just about houses, but it’s a big part of it. Bernanke’s plan was we’d ride house and stock prices into prosperity. (Or was it foaming the runway for banks? Hmmm, that might be an important difference). Just the general inequality, lack of opportunity. Ask the supposed big winners from globalism; the Chinese people, who can’t breath and would like to leave.

Anyhoo, something big is going on and it doesn’t have anything to do with Trump.

 
Comment by The Selfish Hoarder
2016-07-09 06:43:44

There is another revolution and you can ignore it as you wish: it is the growth of voluntaryism on social media. Voluntaryist.com is the original site explaining in a simple paragraph what it means to be a voluntaryist. There are People who are waking up and no longer consenting, no longer obeying edict, getting out of the U.S. Dollar, reducing their tax rates, no longer filling out government forms such as marriage. The media does not care about these people so you don’t see these on Faux News or CNN. These people likewise do not watch American media.

Comment by Blue Skye
2016-07-09 07:15:12

Ironically, the Levellers started this stuff right around the time of the Tulip Bubble.

 
Comment by 2banana
2016-07-09 07:43:47

They are going Amish?

Comment by The Selfish Hoarder
2016-07-09 11:32:01

No. No need to be anti technology by being anti state. Some of us are agorists. They do not pay taxes. They do not pay social security or Medicare. Nor do they have IRAs, 401ks, or necessarily a future retirement income. I don’t go that route. There is no need to be agorist to stop consent. Paying taxes is under duress in hopes of saving for retirement. It is not consent but a way to not rot in prison.

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Comment by Prime_Is_Contained
2016-07-10 07:52:23

Nor do they have IRAs, 401ks, or necessarily a future retirement income.

Planning not to having a future retirement income sounds like another way to say planning to be a ward of the state in one’s dotage—the very anathema of individual sovereignty.

 
Comment by The Selfish Hoarder
2016-07-10 14:30:05

Yeah, it would be sad for avowed agorists to become burdens on the taxpayers. I try to tell my agorist friends that you can still live the voluntaryist philosophy and pay taxes and more likely if you,live in a city you have far more prospects of higher pay than if practicing agorism in the boondocks. I am betting that after taxes, I have a lot more leftover money on an annual income basis than a typical agorist who is also in his 32nd year of working.

 
Comment by The Selfish Hoarder
2016-07-10 14:54:19

Social security is a scam on young people and the older boomers might get all their benefits through death. But agorists by definition have no 401k, no IRA, and no social security, or they stop paying into those at some point. Assuming mid career, for it would be funny for me to declare at 66 that I am now an agorist - with one year left for full social security bennies. I would not really be helping the agorist cause since I funded the government’s crimes most of my life.

So let’s say an agorist has 20 years left for full retirement bennies but he no longer pays into social security, has no retirement account, not even a brokerage account because the 1099s are sent to the government. An agorist is losing out on the investment opportunity that is the best asset class, and that is the stock market. An agorist would therefore have to just keep stacking gold going the 20 years and that is a huge gamble to bet on only one asset class.

 
 
 
 
 
Comment by Brett
2016-07-09 02:44:48

I wonder how Sweden’s social experiment is going to end. I’ve been in Scandinavia for a couple of weeks, and everyone is proud of their high taxes, free health care, free education and high home values. Do they live in an unsustainable utopia?

Swedes remind me of old church ladies who think everyone is a good person. They’ve imported hundreds of thousands of refugees, which you can see all over the city (specially around train stations). There are large groups of young, foreign men roaming the city at night clearly up to no good. The hotel staff warned us to stay away from them. I think it’s a matter of time before their social contract explodes in their face …

Comment by taxpayers
2016-07-09 05:10:51

70% of muslims are on welfare in EU
free sht indeed

up yours” vote
maybe j6p is learning pension math
gov workers get one and you don’t

the payout on you 201K will be a safe 2.5%
otherwise u r depleting reserves

Comment by Ben Jones
2016-07-09 06:22:28

Refugees from what? Regime change. This was purposeful too. It was a multinational policy/proxy war. Arab spring, Occupy wall street, Tea Party. Establishment co-opting, color revolutions. It keeps popping up, the establishment reacts, it pops up again. What’s their answer; ‘everyone is proud of their…high home values’.

Apparently “everyone” isn’t satisfied.

‘They are sitting on undeserved asset price wealth that has essentially been stolen from their children and grandchildren…it’s not because they are really smart that the house prices are going. They think ‘I’m rich I must be smart’ - well no you’re rich because you were at the right place at the right time’

Buying and selling each other houses is no basis for an economy.

Comment by Blue Skye
2016-07-09 07:16:19

and doing it on credit hollows out everything.

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Comment by The Selfish Hoarder
2016-07-09 11:35:19

If the xenophobes don’t want mooslums here they should have protested against endless war and never thank any order follower.

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Comment by In Colorado
2016-07-09 08:25:54

The hotel staff warned us to stay away from them.

Apparently some of them know that not everyone is a good person.

Will be in Munich in about 30 days. I’ll be on the lookout for the invaders while there. Will also be in Budapest, not expecting too many there.

 
Comment by Lurker
2016-07-09 12:54:03

When I was in Stockholm a couple of years ago, I was actually surprised by the disparity of wealth, which I had not been expecting in a place lauded for it’s equality.

What I remember are the upscale streets of Ostermalm lined with high-end cars, and not just Mercedes and Audi - I saw several Lamborghinis and other supercars just parked on the street. Then a quick trip south to the “cool” area of Soldemalm and it’s the grimmest concrete public housing and discount grocery stores.

Comment by Lurker
2016-07-09 14:34:15

Looking into it further, the social welfare programs mask a great deal -

“The upper class in Sweden are still mostly defined by birth… Fully 10% of the richest Swedes are members of the formal nobility. Of Sweden’s prime-ministers Sweden during the modern era 20% belonged to the nobility.”

“The top one percent richest Swedes own 25-40% of total wealth, not far from American inequality levels, and increasing more rapidly. At the same time, the intergenerational mobility of top wealth is chokingly low. An astonishing 80-90% of top wealth is transmitted to the next generation.”

“Paradoxically the high taxes… seem to have helped freeze the asset distribution into place, with the share of wealth owned by the rich being fairly constant between 1970 to the 1990s.”

The only thing Sweden doesn’t tax? Inheritance.

And from the FT - “[The Wallenburg family controls] companies representing 40 percent of the total market capitalization of Sweden’s stock exchange.”

Yeah that sounds super egalitarian. Socialism is awesome if you’re literally born into the aristocracy and taxes disincentivize anyone from creating companies to compete with your monopolies.

From - http://marginalrevolution.com/marginalrevolution/2014/05/wealth-inequality-in-sweden.html
Comments are even better than the article.

 
 
Comment by Professor Bear
2016-07-09 22:00:23

Europe
Swedish Police Investigate Over 40 Reports of Rape and Groping at 2 Music Festivals
By DAN BILEFSKY and CHRISTINA ANDERSON
JULY 5, 2016

The Swedish police said on Tuesday that they were investigating reports that dozens of young women and girls were sexually assaulted at two music festivals in Sweden last weekend.

The police said there had been five reports of rape and 12 reports of sexual molestation at the Bravalla Festival in Norrkoping, about 100 miles southwest of Stockholm, while 32 sexual assaults had been reported at Putte i Parken, a music festival in Karlstad, about 190 miles west of Stockholm.

Girls and women at the festival in Karlstad said they had been groped by boys and men, Inspector Leif Nystrom of the Karlstad Police Department said in a phone interview. Most were under 18 years old, and three were under 15.

“These were reports of women being touched in unwanted places, such as on their breasts and on their bottoms and inside their underwear,” he said.

The police have been examining seven suspects, six of them foreigners, whose ages range from under 18 to 35, Inspector Nystrom said; no arrests have been made.

Police officials in Norrkoping could not be reached for comment. But the Police Department of Ostergotland County, which includes Norrkoping, confirmed in a statement on its website that the police had received reports of the assaults.

Response has come from around the world.

“We’re gutted by these hideous reports,” the British rock band Mumford & Sons, one of the headline acts at the Bravalla Festival, said in a Facebook post. “We won’t play at this festival again until we’ve had assurances from the police and organizers that they’re doing something to combat what appears to be a disgustingly high rate of reported sexual violence.”

 
 
Comment by Palm Beach County
2016-07-09 03:25:49

Fear, Loathing & Record Money-Making in Government Bonds
by Wolf Richter • July 9, 2016
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Share on RedditPrint this pageEmail this to someone
The gloomy scenario the “smart money” is betting on.

US Treasuries set new records on Friday: The 10-year note rose to a new high, with the yield dropping to a new low of 1.366%. The 30-year Treasury bond also hit a new high, with the yield dropping to 2.11%, a record low….(continued)

Comment by 2banana
2016-07-09 05:24:32

What investors are saying:

There is no inflation and there won’t be for quite some time.

America is a safe harbor for money that has a return above 0%

The stock market is way over valued

Comment by azdude
2016-07-09 06:26:52

Isnt BOJ running out of govt bonds to buy because they have basically bought everything?

Seems like all the central banks r just printing and buying whatever they want.

Comment by Ben Jones
2016-07-09 06:30:42

‘Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, said he had this “out of body” experience when he had a private meeting with a top central banker.’

“I had a fascinating kind of out of body experience meeting with one of the world’s top central bankers, in a private meeting, about three years ago. And he said, ‘You know Kyle, quantitative easing only works when you’re the only country doing it.’

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Comment by butters
2016-07-09 06:42:00

If it works work for one country, why doesn’t it work for every country? Backward logic….LOL

 
Comment by Get Stucco
2016-07-09 06:43:03

‘You know Kyle, quantitative easing only works when you’re the only country doing it.’

There’s the rub!

 
Comment by butters
2016-07-09 06:43:14

Problem solved - whole globe under one currency…I call it, the “globo.”

 
Comment by Ben Jones
2016-07-09 07:06:31

‘If it works work for one country, why doesn’t it work for every country’

There is the issue of what QE is said to be doing and what it really is meant to do. Like when pressed about TARP and HAMP, it was blurted out, this is to foam the runway for the banks. QE is the system preserving power, or trying to. We now see them casually discuss negative interest rates. Uh, are you out of your freaking minds?

Again, look at how far we’ve gone down the goofy hole. The plunge protection team used used to be a conspiratorial joke. Now it’s policy in several “developed” countries. This is advanced economics?

‘British politics was constipated and has now overdosed on laxative. It is experiencing a great evacuation. It has got rid of a prime minister and is about to get rid of a leader of the opposition. It will soon be rid of a chancellor of the exchequer and a lord chancellor. It is also rid of two, if not four, Tory heirs apparent. Across the spectrum the left is on the brink of upheaval and perhaps historic realignment…The Greens and Ukip have both lost their leaders. An entire political class is on the way out. As Oscar Wilde said of the death of Little Nell, it would take a heart of stone not to laugh’

 
Comment by Get Stucco
2016-07-09 09:00:19

How much foam can central bankers pile up on the runway before people start drowning in foam?

 
 
 
Comment by In Colorado
2016-07-09 08:28:28

America is a safe harbor for money that has a return above 0%

As the wheels continue to fall off the global economy, money flow into the US will increase.

Comment by Prime_Is_Contained
2016-07-10 19:31:33

money flow into the US will increase.

…until the yield here is zero or negative as well…

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Comment by Professor Bear
2016-07-10 21:56:58

So far I see little evidence in the collapsed long-term Treasury bond yields that U.S. yields are going negative any time soon.

 
 
 
 
 
Comment by Palm Beach County
2016-07-09 03:29:13

Why banks aren’t giving you a 3%, 30-year mortgage… yet….

“Mortgage rates right now should be at least 3.25%, if not lower,” for 30-year fixed-rate mortgages, said Guy Cecala, publisher of trade publication Inside Mortgage Finance.

http://www.marketwatch.com/story/mortgage-rates-are-super-low-but-they-could-be-lower-2016-07-08

Comment by Cynical Cynosure
2016-07-09 09:18:25

Rates may fall but the spread may increase.

 
 
 
Comment by Palm Beach County
2016-07-09 03:37:46

Boulevard 57 cancels condo sales amid market slowdown
Sources say site is for sale for $26M; “Anything is for sale for the right price,” developer says
July 08, 2016 03:45PM
By Ina Cordle

In another sign of the market slowdown, Boulevard 57, the planned mixed-use project on Biscayne Boulevard, has called off condo sales, The Real Deal has learned. And sources say the entire site is being marketed for $26 million.
Hector Torres, chief operating officer of Unitas Development Group, told TRD he is revising the project’s plans to build only a retail portion instead of the proposed eight-story condo tower on the boulevard at Northeast 57th Street and Northeast 58th in Miami.
“We have suspended the sales program, but we are looking to restart it and build the commercial portion as soon as possible,” he told TRD. “We”re going full speed ahead on the retail area until we understand where the condo market is going.”
The project is the latest to reverse course in South Florida in response to slumping sales. Reports show the market has cooled in recent months amid the strengthening of the U.S. dollar and international economic turmoil.
ONE Sotheby’s International Realty has been handling sales and marketing for Boulevard 57’s condos. A party, “Summer Night on the Boulevard,” was held just last month at the project’s sales center, where about 200 agents and clients viewed newly released floor plans. Calls to a ONE Sotheby’s executive were not returned.

http://therealdeal.com/miami/2016/07/08/boulevard-57-cancels-condo-sales-amid-market-slowdown/

Comment by Ben Jones
2016-07-09 06:32:45

‘Anything is for sale for the right price’

Meltdown.

 
 
Comment by Apartment 401
2016-07-09 03:50:04

undeserved asset price wealth that has essentially been stolen from their children and grandchildren

And when this thing ends, you’ll be left cutting your pills in half, having to decide between paying your electric bill and buying food, and you will die broke.

“Same as it ever was” — David Byrne

Comment by taxpayers
2016-07-09 05:12:37

hhhhmmmmmmmmm more 12 gauge slugs
tx for the reminder

 
 
Comment by Combotechie
2016-07-09 04:14:50

“Likewise, you don’t meet any Trump supporters on Wall Street or in Washington.”

Or in academia. Especially in academia.

“The people inside a well-off bubble can’t read the political mood at all — because they have no idea how people outside that world feel. As populism becomes stronger and stronger, and as revolts against elites grow in force, the markets need to get better a handle on that. They need to understand that a lot of their fellow countrymen don’t live as comfortably as they do, and don’t have the same kind of opportunities.”

Comment by Neuromance
2016-07-09 07:30:40

Trump = change (possibly chaotic)

Hillary = status quo

Bernie = change (possibly chaotic)

If more people vote for possibly chaotic change versus the status quo, then a non-traditional candidate will win.

Realize though, people will choose tyranny over anarchy every time. You can schedule around tyranny. You can go to the market and as long as you cheer when you see El Presidente’s motorcade go by, you can live your life. With anarchy, you might get killed on your way to the market, regardless of what you do.

Comment by Ben Jones
2016-07-09 07:46:31

‘people will choose tyranny over anarchy every time’

That isn’t the choice though. Rental watch told us, “I think the Brits will stay in the EU because people don’t like uncertainty.”

Why was he wrong? He framed it wrong and logically arrived at the wrong conclusion.

‘not just that they didn’t get the result they wanted. It is that they read the British referendum so completely incorrectly — and convinced themselves that the Remain side would eventually win.’

‘That is hardly the first time that has happened. The markets got the 2015 election in Britain upside down as well. They didn’t think that Donald Trump would ever be the Republican nominee. They read the Spanish elections last month incorrectly, and the Austrian elections as well’

And now the Australians. In Iceland the establishment candidate recently came in 7th with 13% of the vote. All 6 who polled above him had never run for office before. Think about that. It’s not one issue.

The Occupy thing had hundreds of thousands of people rallying all over the world. I remember most here supported it. It had a 90% approval rating in the US at one point. That discontent hasn’t gone away.

My theory is it’s Da Meddle Fanger.

Comment by MacBeth
2016-07-09 08:58:31

Big Government = Titanic.

I’ve been saying that for four years now.

One cannot expect to journey upon the liner called Big Government for very long. It is not a sea worthy vessel.

It knows not how to be self-sufficient. It knows not how to respond when its lifeblood dries up. It knows not how to compete, it knows not how to generate profit.

What it does know is corruption. Theft. Power.

It must know those things, for without it, it cannot grow and prosper.

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Comment by Neuromance
2016-07-09 08:59:12

Ben Jones: ‘people will choose tyranny over anarchy every time’ That isn’t the choice though. Rental watch told us, “I think the Brits will stay in the EU because people don’t like uncertainty.”

If the status quo is unacceptable for the majority of voters, we’ll get a non-traditional candidate.

I think people are seeing what’s going on with their kids, and seeing that their kids will do worse than they did. And that’s unacceptable to a lot of people. Cheap iPads notwithstanding.

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Comment by MacBeth
2016-07-09 10:07:24

And those “kids” typically are 40 years old and younger.

It’s not as if only those affected are aged 20 and younger.

 
 
Comment by Lurker
2016-07-09 14:26:19

“The Occupy thing had hundreds of thousands of people rallying all over the world… That discontent hasn’t gone away.”

The movements that appeared right after 2008 (Occupy and its opposite, the Tea Party) were large, but still largely partisan. It’s taken this long for the people’s anger to be redirected from each other to the caretakers of the system. No wonder the establishment are terrified. Just look at this bit about Brexit from the FT:

“On one side are the older voters, the more disadvantaged and the less well-educated. On the other, better-off younger people and inhabitants of metropolitan London.”

Retirees uniting with the working poor? Urban young people siding with the hedge fund ruling class? This overturns every demographic study of voting habits ever conducted.

We see it everywhere: LGBT groups going to NRA meetings. SF ultraliberals complaining about the homeless. I saw an African American youth on a basketball court in NYC talking about how great it would be if Trump could lower corporate taxes. It’s like an alternate universe, and the elites are worried because it isn’t a world of their own making, thus they have no place in it.

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Comment by junior_bastiat
2016-07-09 16:57:49

I think all the groups you cite may fall under the alt-right movement - groups that previously were not seen as existing on the right side of the political spectrum are seeing and feeling the far left policies erode their freedoms and lifestyles they thought they would inherit from their parents and they are PISSED.

I just recently became aware of this from that Triggly puff video - one of the speakers was a gay catholic conservative millennial that doesn’t hold back in his attack on 3rd wave feminism, islam, etc. Now I see even some blacks are questioning the recent shootings by police as possible false flags. The FBI pass on Hillary just cements the notion that things are rigged, the elites have a different set of standards applied to them and as a result we are going to get change, whether by ballot or bullet - probably a mix of both.

 
Comment by MightyMike
2016-07-09 17:56:45

Yeah, a lot can be learned from watching stuff like Triggly Puff in YouTube.

 
Comment by junior_bastiat
2016-07-10 16:26:33

How much did Soros (soreass?) pay for that lame comment? He should get his money back and hire someone with an iq greater than their shoe size, he has the money but maybe hes too busy hiring thugs to kill cops and block highways right now to qa all his employees.

 
 
 
Comment by 2banana
2016-07-09 07:47:45

Especially if you are part of the FSA.

You love tyranny and much as you love the free chit

 
 
Comment by AmazingRuss
2016-07-09 07:39:17

I bet there are silent trumplings in academia too.

Comment by SV guy
2016-07-09 08:08:32

The ones who I know are Obamatron/Klinton worshipers.
The plebes, who they rarely ever come in contact with, simply don’t have the faculties to ‘understand’.

These are people at the highest level of academia.

F-me.

SVG Plebe

 
Comment by MacBeth
2016-07-09 09:01:45

It’s interesting that those in Academia who favor Trump are effectively silenced. “Our way or the highway”.

What does that tell you?

That perhaps Academia is not really interested in diversity?

Comment by AmazingRuss
2016-07-09 09:27:01

Trump is such a massive jackass, people just don’t want to be associated with him, but will vote for him as a strike against the Clinton dynasty.

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Comment by Professor Bear
2016-07-09 09:34:54

Everyone I know who plans to vote for a Republicrat candidate plans to hold their nose while voting for a candidate they dislike in an effort to keep the candidate they dislike more out of office.

 
Comment by MacBeth
2016-07-09 10:32:32

Wow…are you also an academic Russ/Central Scrutinizer?
I should’ve known.

Close-minded academics frequently try to deflect that which is uncomfortably true. I note that you are not the only one to respond to my post. The other responder also is an academic (or at least claims to be). Like you, rather than respond to the point made, he also tries to deflect it.

Got news for you:

Neither of you are open minded. Neither of you are in favor of diversity. Neither of you are non-bias.

 
Comment by AmazingRuss
2016-07-09 11:49:34

I was agreeing with you, but feel free to take offense and savage a strawman.

 
 
 
 
Comment by In Colorado
2016-07-09 08:34:01

The people inside a well-off bubble can’t read the political mood at all — because they have no idea how people outside that world feel

King Louis and his Let’ em eat cake crowd were also clueless. But as Sinclair would have said, they’re clueless because they have to be clueless.

 
Comment by The Selfish Hoarder
2016-07-09 11:38:07

The white educated who cannot stand socialism certainly are not voting for Trump. They know Trump and Clinton are peas from the same pod. Both candidates appeal to trash.

Comment by Hi-Z
2016-07-10 13:29:33

Don’t generalize. You don’t speak for me. I am a white educated non-socialist and I will be voting for Trump.

 
 
 
Comment by Apartment 401
2016-07-09 04:15:03

Yesterday I predicted more authoritarianism, and here it is.

Denver police union wants officers in riot gear as protests continue, but chief says there is no need to escalate tension:

“The Denver Police Protective Board respectfully request that command officers cease and desist from giving orders to officers forcing them to forgo appropriate safety gear when tending to the ongoing protests in Denver,” the letter said. “Please do not place appearances above officer safety.”

Nick Rogers, the union president, said the Dallas ambush proved the point.

“There’ll be hell to pay if one of our guys gets hurt,” Rogers said.

http://www.denverpost.com/2016/07/08/denver-police-union-officers-riot-gear/

Comment by Apartment 401
2016-07-09 05:42:53

A local narrative worshipping the almighty badge:

“people have also been thanking law enforcement in the Denver metro area.

Teegan Braun and other families with Local Moms of Castle Rock delivered cookies, coffee and notes of encouragement to the Castle Rock Police Department.

A similar scene unfolded at the Douglas County Sheriff’s Office. Neighbors, including children, stopped by to say ‘thank you.’

In Jefferson County people dropped by law enforcement precincts all day with food, cookies, and cards.”

http://www.thedenverchannel.com/news/front-range/denver/denver-metro-rallying-around-law-enforcement-following-dallas-shootings

Comment by 2banana
2016-07-09 05:54:20

How come the BLM flag has not been banned?

Comment by Ben Jones
2016-07-09 06:39:01

‘They lied and said they had video of me shooting’: Dallas man spotted with assault rifle at protest was NOT one of the snipers who killed five police officers’

I can’t find it right now but yesterday I read the police found 20 people were carrying rifles in and around the protest and released them all.

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Comment by Raymond K Hessel
2016-07-09 08:28:21

Idiots that walk around in public with assault rifles to show support for “open carry” are part of the problem. How many police resources were wasted or misdirected trying to ID and find this clown? In any volatile situation, showing up with openly displayed guns is only certain to increase the potential for miscalculation and tragic outcomes.

 
Comment by Neuromance
2016-07-09 12:09:24

It may be legal to take a rifle to a high-tension protest, but most certainly ill-advised.

 
 
Comment by butters
2016-07-09 06:39:18

Once we eradicate the neocon scums…they gotta pay for their crimes.

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Comment by MacBeth
2016-07-09 07:38:17

Hillary Clinton is a neocon.

Will she pay for her crimes? Are you yourself giving her a free pass now so that you can vote for her in November?

 
 
Comment by taxpayers
2016-07-09 08:53:58

Disarm the blm

Domestic terrorists

Meanwhile inventory tight as Hilary approaches dc
Gonna hire dykes from all corners
May cause flooding

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Comment by AmazingRuss
2016-07-09 11:51:12

Gun grabbers, here? Oh my…

 
 
 
 
 
Comment by Apartment 401
2016-07-09 04:23:15

Warmist Warming Weekend Edition:

“June was the warmest since 1895 in the U.S., surpassing the 1933 record and capping a six-month period which saw eight weather-related disasters that each caused $1 billion in damage or more.

The average June temperature across the 48 contiguous states was 71.8 degrees Fahrenheit (22 Celsius), the National Centers for Environmental Information, a division of the National Oceanic and Atmospheric Administration, said in a report Thursday. The first six months were also the third warmest in the U.S., while Alaska experienced its hottest six months on record breaking a mark set in 1981.

Global temperatures were the highest in the 20th century for the first five months of the year after the world posted its two hottest years in 2014 and 2015. There is so much heat in the atmosphere following the El Nino that began last year that there could well be a new all-time high for 2016.”

http://www.bloomberg.com/news/articles/2016-07-07/june-was-warmest-since-1895-in-u-s-topping-record-set-in-1933

Comment by 2banana
2016-07-09 05:28:22

Hmmm….

——-

And now it’s global COOLING! Return of Arctic ice cap as it grows by by 29% in a year

A chilly Arctic summer has left 533,000 more square miles of ocean covered with ice than at the same time last year – an increase of 29 per cent.

The rebound from 2012’s record low comes six years after the BBC reported that global warming would leave the Arctic ice-free in summer by 2013.

Instead, days before the annual autumn re-freeze is due to begin, an unbroken ice sheet more than half the size of Europe already stretches from the Canadian islands to Russia’s northern shores.

Only six years ago, the BBC reported that the Arctic would be ice-free in summer by 2013, citing a scientist in the US who claimed this was a ‘conservative’ forecast. Perhaps it was their confidence that led more than 20 yachts to try to sail the Northwest Passage from the Atlantic to the Pacific this summer. As of last week, all these vessels were stuck in the ice, some at the eastern end of the passage in Prince Regent Inlet, others further west at Cape Bathurst.

http://www.dailymail.co.uk/news/article-2415191/And-global-COOLING-Return-Arctic-ice-cap-grows-

Comment by Apartment 401
2016-07-09 05:39:56

Warmists gonna warm:

“Climate change in the Arctic Circle is coming through in color now; specifically, green and watermelon.

Two separate studies show that the Arctic and all it entails, such as much of Alaska and a lot of Canada, is getting greener and the glaciers are becoming the color of watermelon.

Call it a watercolor disaster in the making.

The first study published by NASA scientists in the journal “Remote Sensing of Environment” has found that “almost a third of the land cover – much of it Arctic tundra – is looking more like landscapes found in warmer ecosystems” … i.e. green with plant life. The study is titled “The vegetation greenness trend in Canada and US Alaska from 1984–2012 Landsat data.”

http://www.sfgate.com/local/science/article/Why-green-and-watermelon-are-panic-colors-for-8344607.php

Comment by Combotechie
2016-07-09 06:05:18

Yeah? Well it ain’t just in the Arctic ..

“NASA: Mass Gains of Antarctic Ice Sheet Greater Than Losses”

http://www.nasa.gov/feature/goddard/nasa-study-mass-gains-of-antarctic-ice-sheet-greater-than-losses

The article is from Oct of last year but it covers what’s been happening for, oh, ten-thousand years.

So, is Florida save from rising seas? Are any of us saved from rising seas?

Rising and boiling and highly acidic rising seas?

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Comment by Combotechie
2016-07-09 06:13:47

“’At the end of the last Ice Age, the air became warmer and carried more moisture across the continent, doubling the amount of snow dropped on the ice sheet,’ Zwally said.

“The extra snowfall that began 10,000 years ago has been slowly accumulating on the ice sheet and compacting into solid ice over millennia, thickening the ice in East Antarctica and the interior of West Antarctica by an average of 0.7 inches (1.7 centimeters) per year. This small thickening, sustained over thousands of years and spread over the vast expanse of these sectors of Antarctica, corresponds to a very large gain of ice – enough to outweigh the losses from fast-flowing glaciers in other parts of the continent and reduce global sea level rise.”

Here …

“… enough to outweigh the losses for fast-flowing glaciers in other parts of the continent and reduce global sea level rise.”

“… reduce global sea level rise.”

 
Comment by Combotechie
2016-07-09 06:39:06

Here’s an interesting article with something interesting to say (from last February):

“Antarctic sea-ice expansion between 2000 and 2014 driven by tropical Pacific decadal climate variability”

Check this out:

“Meanwhile, the Interdecadal Pacific Oscillation, an internally generated mode of climate variability, transitioned from positive to negative, with an average cooling of tropical Pacific sea temperatures, a slowdown of the global warming trend, …”

A SLOWDOWN OF THE GLOBAL WARMING TREND

“… and a deepening of the Amundsen Sea Low near Antarctica.”

http://www.nature.com/articles/ngeo2751.epdf?shared_access_token=-4vAzZ6a2_pPasntoQe7rdRgN0jAjWel9jnR3ZoTv0PiRwMr0KAnSTgYyD10-F94hS1A4ilc1GFMTaeoLSR6XK6ebOSFLzQeECI2MuPs3fEJDhLWcI0VoV6_-kKccWyT8k8oQPLD4F71JX5Nk8-MZjySxJWTOWouVG9zLO39zKM%3D

 
 
 
Comment by Anonymous
2016-07-09 07:43:19

I still have a bookmarked link to a 2006 article that predicted no snow for the Vancouver Olympics. Sadly that article is now no longer online……

At least I learned from that episode, now I print hard copies of that sort of stuff.

Comment by Anonymous
2016-07-09 08:10:05

Oh wait, thanks to archive.org I found it:

“Reynolds is also predicting it will be too warm for natural snow on Whistler for the 2010 Olympics. Whistler is about 120 kilometres north of Vancouver.

“In 2010, for the Olympics, I would be panicking if I was part of the snow management program up there,” he said.

“The problem is, how do you make artificial snow when it’s five or 10 above?” ”

https://web.archive.org/web/20061111122606/http://www.cbc.ca/canada/calgary/story/2006/10/20/skihills-warming.html

The actual results were less than catastrophic…note Vancouver is the warmest city to ever host a winter Olympics:

“Whistler Enjoys Record Snowfall for Olympics, Lower Slopes Not So Much”

http://www.ens-newswire.com/ens/feb2010/2010-02-09-02.html

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Comment by Blue Skye
2016-07-09 05:38:52

Interesting that the Department of Information thinks we are living in the 20th century.

Comment by 2banana
2016-07-09 05:47:42

Don’t bother progressive scientists with details.

These studies are the proof we need for bigger government, more regulations and higher taxes.

 
 
 
Comment by 2banana
2016-07-09 04:53:07

Isn’t bigger and bigger government with more and more regulations and higher and higher taxes grand?

The lower classes used to respect the ultra rich because they provided goods and services we all wanted at prices we could afford (Ford, Gates, Mellon, Vanderbilt, Carnage, etc.)

No the ultra rich are nothing more than political connected crony capitalists that add nothing of value and make their fortunes using the government as their enforcers and bullies.

‘There’s a post-war unwritten agreement in Western countries which said it was OK for the rich to get richer as long as the poor and the middle got richer too. But that agreement has been broken — the rich are getting richer and the poor are going nowhere and that’s why Donald Trump has emerged as a candidate.’”

Comment by MightyMike
2016-07-09 08:14:56

Your statement contradicts the quote that you italicized. It’s also worth pointing out that a major cause of what is described in that quote has been the decline of the unions.

 
 
Comment by Palm Beach County
2016-07-09 05:18:37

Donald Trump has a 10-point lead over Hillary Clinton in this poll

By Daniel Goldstein
Published: July 8, 2016 8:06 p.m. ET

More Americans see Trump as better for real-estate prices than Hillary Clinton

http://www.marketwatch.com/story/donald-trump-has-a-10-point-lead-over-hillary-clinton-in-this-poll-2016-07-08

Comment by butters
2016-07-09 06:31:09

Yeah and monkeys fly out of my butt.

Comment by MacBeth
2016-07-09 07:22:34

Testy!

 
Comment by AmazingRuss
2016-07-09 07:43:34

I suspect you are going to have a lot of monkeys to feed before this is over….

 
 
Comment by Get Stucco
2016-07-09 06:33:56

“More Americans see Trump as better for real-estate prices than Hillary Clinton”

Could this explain Trump’s appeal to his loyal disciples?

Comment by Get Stucco
2016-07-09 09:07:10

It’s worth bearing in mind that Bill Clinton was one of the primary contributors to the Housing Bubble. It appears that bubbly valuations will be in safe hands regardless of the election outcome.

 
 
Comment by butters
2016-07-09 06:45:01

Hilalry favors low interest…Trump favors low interest….No difference.

Comment by Ben Jones
2016-07-09 06:55:19

“The problem with low interest rates is that it’s unfair that people who’ve saved every penny, paid off mortgages, and everything they were supposed to do and they were going to retire with their beautiful nest egg and now they’re getting one-eighth of 1%,” says Trump. “I think that’s unfair to those people.”

‘Last week, Trump told the Washington Post that there is a big bubble in the economy, and the stock market is inflated. “It’s worth pondering Mr. Trump’s views because, whatever your political orientation, they make sense on many different levels and the conclusions are arguably right, at least for a certain group of people living in certain places, namely rich people living in expensive places,” the “Mad Money” host said.’

The majority of people aren’t getting anything from the stock, bond and housing bubble.

Comment by rms
2016-07-09 08:38:00

“Last week, Trump told the Washington Post that there is a big bubble in the economy, and the stock market is inflated.”

I wonder if Trump really knows that, or did an aid just leave a sticky-note on his monitor?

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Comment by Raymond K Hessel
2016-07-09 08:40:49

Hilalry favors low interest…Trump favors low interest….No difference.

Neither one will lift a finger to protect the 99% against the Oligopoly’s chief instrument of plunder: the Federal Reserve.

 
 
Comment by Raymond K Hessel
2016-07-09 08:35:02

More Americans see Trump as better for real-estate prices than Hillary Clinton

Most ‘Muricans are hopelessly stupid, as they demonstrated with their votes for Obama, McCain, and Romney. Disclaimer: I have a viceral loathing of the criminal sociopath and serial influence peddler Hillary. But Trump, if he becomes our next president, will have alienated vast swathes of the population. We will almost certainly have more social unrest from blacks and Latinos who feel marginalized by Trump and his supporters, not to mention more radicalization among Muslims. None of this is good for real estate prices, unless you live in one of the Free States that well-heeled buyers will be flocking to as our Democrat-maladministered urban centers sink deeper into dystopia.

Comment by Ben Jones
2016-07-09 09:27:52

‘Most ‘Muricans are hopelessly stupid’

‘will have alienated vast swathes of the population’

Comment by AmazingRuss
2016-07-09 11:57:18

Such are the wages of elitism.

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Comment by Hard Rain
2016-07-09 05:26:28

An old favorite ” snapped up” .

House-hunting in Greater Boston? Good luck.

“The scarcity showsa real estate market in hyperspeed: Homes are selling in a matter of days,hours even. Typically, inventory builds over the course of the season as new homes come on the market; now, with properties being snapped up as soon as they’re listed, buyers often just have a few choices, and those, too, disappear quickly.

“The train has left the station, and anyone who waits is missing it,” said Mary Gillach, whose Brookline-based real estate firm markets homes in the Boston,”

http://www.bostonglobe.com/business/2016/07/08/house-hunting-greater-boston-good-luck/DgOt0DeBaQBtmFRaOweHfI/story.html

Comment by 2banana
2016-07-09 05:32:19

Get on the property ladder NOW!

Suzanne researched this…

 
Comment by CEO Of The Couch
2016-07-09 05:33:39

The good old Boston Globb. As trustworthy as the Washington Post.

 
 
Comment by 2banana
2016-07-09 05:34:53

Compare and contrast.

———

Michael Hubbard, Former Alabama Speaker, Sentenced to 4 Years in Prison
CAMPBELL ROBERTS - JULY 8, 2016 - NYT

Michael G. Hubbard, the former speaker of the Alabama House of Representatives who was convicted in a state trial last month on 12 counts of corruption, was sentenced on Friday to four years in prison plus probation and $210,000 in fines.

State prosecutors, who had been intensely criticized by Hubbard supporters for their handling of the prosecution, hailed the verdict. Calling the sentencing “a turning point in our state,” the attorney general, Luther Strange, said in a statement, “No longer can elected officials expect to disregard our laws and not pay a penalty.”

Comment by MacBeth
2016-07-09 06:50:10

Only a sexist would vote for Hillary.

Comment by Apartment 401
2016-07-09 07:20:20

I love how Dennis Hastert explained why as a wrestling coach he sat in an easy chair in front of the showers “to keep the boys from fighting.”

Comment by butters
2016-07-09 08:25:44

Look Mohammed, he was a pedo!

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Comment by Professor Bear
2016-07-09 09:28:50

It was OK, because Allah said so.

 
Comment by Apartment 401
2016-07-09 09:40:22

It’s a narrative.

And on that topic, what’s the youngest age girl that Bill Clinton raped?

 
 
 
 
Comment by Raymond K Hessel
2016-07-09 08:37:14

“No longer can elected officials expect to disregard our laws and not pay a penalty.”

Um, Bill and Hillary Clinton been proving otherwise since the 1980s.

 
 
Comment by azdude
2016-07-09 06:17:32

How long is janet yellen gonna jawbone about raising rates so she actually doesnt have to raise them?

All the hype is about keeping a strong dollar.

If the dollar collapses she will be forced to raise rates.

That is the only real possible outcome people.

How long can she cry wolf here folks?

Comment by Raymond K Hessel
2016-07-09 08:48:42

The dollar won’t collapse relative to other currencies as long as the other “former” Goldmanites running the ECB, BoE, BoJ, etc. keeping printing at a more furious pace than Yellen the Felon. However, the purchasing power of the dollar is eroding by the year as despite our BS inflation stats we seem to be paying more for everything.

 
Comment by Mr. Banker
2016-07-09 08:51:48

“How long is janet yellen gonna jawbone about raising rates so she actually doesnt have to raise them?”

As long as it takes.

 
 
Comment by Palm Beach County
2016-07-09 06:28:31

QUESTION: how many of you are buying or refinancing amidst all of this doom & gloom….WHY NOT? If not now…when?

“Mortgage Rates Defy Consumer Expectations Again; Rates Fall To New Depths”

30-Year Mortgage Rates Drop Near All-Time Low

http://themortgagereports.com/21180/fannie-mae-housing-survey-june-2016-mortgage-rates

 
Comment by Get Stucco
2016-07-09 06:29:06

“That’s the way it goes if you buy an overpriced asset, is you lose money, that’s just the normal way of things isn’t it.”

It certainly is!

 
Comment by phony scandals
2016-07-09 06:49:41

Comment by MightyMike
2016-07-08 08:53:27

There have probably been only 1 or 2 presidents who had a security clearance.

Reply to this comment

Comment by phony scandals
2016-07-08 16:26:05

“There have probably been only 1 or 2 presidents who had a security clearance.”

Were they “extremely careless” when handling classified information too?

Reply to this comment

Comment by MightyMike
2016-07-08 17:31:47

Gee, I don’t know, but it’s beside the point.

\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

I wonder if the second attempt to invade Hitler’s Fortress Europe would have come in 1948 or 1950 If Hillary had been in charge of Operation Overlord (the D-Day landings of June 1944) instead of Dwight D. Eisenhower?

Fooling Hitler: The Elaborate Ruse Behind D-Day - History in the …
http://www.history.com/news/fooling-hitler-the-elaborate-ruse-behind-d-day - 86k - Cached -

Cause I think Hitler would have made a fat donation to the Clinton Foundation slush fund and had all his Panzer divisions in Normandy to drive the Allied invasion back into the sea.

Comment by 2banana
2016-07-09 07:51:44

It is for the children.

Besides, there was no criminal intent…

 
Comment by MightyMike
2016-07-09 18:02:10

Eisenhower may have been careful with his email during the war. But don’t forget that that great conservative, “anti-government” organization, the John Birch Society, let us all know that he was a Soviet spy.

Comment by phony scandals
2016-07-10 06:11:53

When it came to D-Day preparations Hillary was not worthy of being called a ‘Bigot’.

The facts you may not know about D-Day

By Charlotte Cullen
03/06/14 14:47 CET

4. Code names in the crossword

During D-Day preparations top-secret code names were used to hide the allies’ plans from the enemy. ‘Utah’, ‘Omaha’, ‘Gold’, and ‘Sword’ were beaches on the Normandy coastline, ‘Neptune’ was the code name for the landings, ‘Overlord’ was the ensuing battle for Normandy and a ‘Bigot’ was the code name for someone who had high level security clearance.

 
 
 
Comment by phony scandals
2016-07-09 07:17:38

“Cops killed nearly twice as many whites as blacks in 2015.”

If this were true President Obama would have told me so.

5 Statistics You Need To Know About Cops Killing Blacks

By: Aaron Bandler
July 7, 2016

The Alton Sterling and Philando Castile shootings have caused an uproar among leftists because they fuel their narrative that racist white police officers are hunting down innocent black men. But the statistics – brought to light by the superb work of Heather MacDonald – tell a different story.

Here are five key statistics you need to know about cops killing blacks.

1. Cops killed nearly twice as many whites as blacks in 2015. According to data compiled by The Washington Post, 50 percent of the victims of fatal police shootings were white, while 26 percent were black. The majority of these victims had a gun or “were armed or otherwise threatening the officer with potentially lethal force,” according to MacDonald in a speech at Hillsdale College.

Some may argue that these statistics are evidence of racist treatment toward blacks, since whites consist of 62 percent of the population and blacks make up 13 percent of the population. But as MacDonald writes in The Wall Street Journal, 2009 statistics from the Bureau of Justice Statistics reveal that blacks were charged with 62 percent of robberies, 57 percent of murders and 45 percent of assaults in the 75 biggest counties in the country, despite only comprising roughly 15 percent of the population in these counties.

“Such a concentration of criminal violence in minority communities means that officers will be disproportionately confronting armed and often resisting suspects in those communities, raising officers’ own risk of using lethal force,” writes MacDonald.

MacDonald also pointed out in her Hillsdale speech that blacks “commit 75 percent of all shootings, 70 percent of all robberies, and 66 percent of all violent crime” in New York City, even though they consist of 23 percent of the city’s population.

“The black violent crime rate would actually predict that more than 26 percent of police victims would be black,” MacDonald said. “Officer use of force will occur where the police interact most often with violent criminals, armed suspects, and those resisting arrest, and that is in black neighborhoods.”

2. More whites and Hispanics die from police homicides than blacks. According to MacDonald, 12 percent of white and Hispanic homicide deaths were due to police officers, while only four percent of black homicide deaths were the result of police officers.

3. The Post’s data does show that unarmed black men are more likely to die by the gun of a cop than an unarmed white man…but this does not tell the whole story. In August 2015, the ratio was seven-to-one of unarmed black men dying from police gunshots compared to unarmed white men; the ratio was six-to-one by the end of 2015. But MacDonald points out in The Marshall Project that looking at the details of the actual incidents that occurred paints a different picture:

The “unarmed” label is literally accurate, but it frequently fails to convey highly-charged policing situations. In a number of cases, if the victim ended up being unarmed, it was certainly not for lack of trying. At least five black victims had reportedly tried to grab the officer’s gun, or had been beating the cop with his own equipment. Some were shot from an accidental discharge triggered by their own assault on the officer. And two individuals included in the Post’s “unarmed black victims” category were struck by stray bullets aimed at someone else in justified cop shootings. If the victims were not the intended targets, then racism could have played no role in their deaths.

In one of those unintended cases, an undercover cop from the New York Police Department was conducting a gun sting in Mount Vernon, just north of New York City. One of the gun traffickers jumped into the cop’s car, stuck a pistol to his head, grabbed $2,400 and fled. The officer gave chase and opened fire after the thief again pointed his gun at him. Two of the officer’s bullets accidentally hit a 61-year-old bystander, killing him. That older man happened to be black, but his race had nothing to do with his tragic death. In the other collateral damage case, Virginia Beach, Virginia, officers approached a car parked at a convenience store that had a homicide suspect in the passenger seat. The suspect opened fire, sending a bullet through an officer’s shirt. The cops returned fire, killing their assailant as well as a woman in the driver’s seat. That woman entered the Post’s database without qualification as an “unarmed black victim” of police fire.

MacDonald examines a number of other instances, including unarmed black men in San Diego, CA and Prince George’s County, MD attempting to reach for a gun in a police officer’s holster. In the San Diego case, the unarmed black man actually “jumped the officer” and assaulted him, and the cop shot the man since he was “fearing for his life.” MacDonald also notes that there was an instance in 2015 where “three officers were killed with their own guns, which the suspects had wrestled from them.”

4. Black and Hispanic police officers are more likely to fire a gun at blacks than white officers. This is according to a Department of Justice report in 2015 about the Philadelphia Police Department, and is further confirmed that by a study conducted University of Pennsylvania criminologist Gary Ridgeway in 2015 that determined black cops were 3.3 times more likely to fire a gun than other cops at a crime scene.

5. Blacks are more likely to kill cops than be killed by cops. This is according to FBI data, which also found that 40 percent of cop killers are black. According to MacDonald, the police officer is 18.5 times more likely to be killed by a black than a cop killing an unarmed black person.

Despite the facts, the anti-police rhetoric of Black Lives Matter and their leftist sympathizers have resulted in what MacDonald calls the “Ferguson Effect,” as murders have spiked by 17 percent among the 50 biggest cities in the U.S. as a result of cops being more reluctant to police neighborhoods out of fear of being labeled as racists. Additionally, there have been over twice as many cops victimized by fatal shootings in the first three months of 2016.

Anti-police rhetoric has deadly consequences

Comment by butters
2016-07-09 07:39:34

1. Cops killed nearly twice as many whites as blacks in 2015.

Meaningless statistics.

Anti-police rhetoric has deadly consequences

So does the pro police rhetoric.

Police are no their to protect you. Case in point FBI’s Comey. When it was clear that Clinton broke the law, what did he do? Do you think rank and file cops are any different?

It’s unfortunate that race features prominently in this conversation…the problem is police brutality. We have way too many mentally deranged, trigger happy, legally drugged cops in the police force.

Comment by phony scandals
2016-07-09 08:45:41

“It’s unfortunate that race features prominently in this conversation…”

Hillary Clinton Blames Whites, Cops for Deaths of Young Black Men

“I will call for white people, like myself, to put ourselves in the shoes of those African-American families”

Neil Munro | Breitbart - July 9, 2016 1132 Comments

Hillary Clinton used a CNN interview on Friday to completely embrace the Democrats’ claim that white people and cops must change to help reduce the number of African-Americans killed in tense exchanges with cops.

“I will call for white people, like myself, to put ourselves in the shoes of those African-American families who fear every time their children go somewhere, who have to have ‘The Talk,’ about, you now, how to really protect themselves [from police], when they’re the ones who should be expecting protection from encounters with police,” Clinton told CNN’s Wolf Blitzer.

“I’m going to be talking to white people, we’re the ones who have to start listening to the legitimate cries coming from our African-American fellow citizens,” she said.

“We’ve got to figure out what is happening when routine traffic stops, when routine arrests, escalate into killings … Clearly, there seems to be a terrible disconnect between many police departments and officers and the people they have sworn to protect,” she said.

Federal policing guidelines are needed because “we have 18,000 police departments… [some of which need more training to] go after systemic racism, which is a reality, and to go after systemic bias,” she said.

Comment by MacBeth
2016-07-09 10:19:51

Hillary is a race baiter.

FEDERAL policing guidelines are needed, she says. Of course they are, Queen Hillary. The hell with states rights, eh?

Hillary = Banana Republic.

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Comment by MightyMike
2016-07-09 08:24:28

That’s quite a torrent of statistics there, none of which addresses the question of whether blacks face more unwarranted violence from police than whites. Whenever I see something from Heather McDonald I get the impression that she’s just a more polished version of your garden variety bigot, probably with degrees from good colleges.

Comment by phony scandals
2016-07-09 09:09:38

“version of your garden variety bigot”

Always good to hear from the Southern Poverty Law Center.

Comment by AmazingRuss
2016-07-09 11:55:44

They’re in your sock drawer, pointing a mind control beam at your head! Run….RUN!!!

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Comment by MightyMike
2016-07-09 18:03:38

Always good to hear from the Southern Poverty Law Center.

That’s just a content-free talking point from you.

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Comment by rms
2016-07-09 08:51:34

The media just can’t report the simple facts in an era of sensational yellow journalism. For example, a negro male gets 5-yrs in prison for a parking ticket whereas a white man gets a $35 fine. Injustice! Omitted from the story was the physical assault of a police officer writing parking tickets.

Comment by MightyMike
2016-07-09 18:06:10

That’s interesting. You criticize the media using a made up anecdote.

 
 
Comment by Professor Bear
2016-07-09 09:24:48

“At least five black victims had reportedly tried to grab the officer’s gun, or had been beating the cop with his own equipment.”

That’s a point which is persistently missing from the NPR ‘unarmed black man’ police shooting victim narrative.

What do NPR reports ignore and emphasize?

1. Blacks murdering blacks is ignorable.

2. The ongoing strain on police departments caused by high crime rates in black communities is ignorable.

3. The only stories worth reporting and elevating to the national consciousness are those regarding white cops shooting black men.

Comment by Professor Bear
2016-07-10 04:13:01

General News
The Myths of Black Lives Matter
The movement has won over Hillary Clinton and Bernie Sanders. But what if its claims are fiction?
Illustration: Mark Makela/Getty Images
By Heather Mac Donald
July 9, 2016 2:04 p.m. ET
Editor’s Note: Originally published Feb. 11, 2016

A television ad for Hillary Clinton’s presidential campaign now airing in South Carolina shows the candidate declaring that “too many encounters with law enforcement end tragically.” She later adds: “We have to face up to the hard truth of injustice and systemic racism.”

Her Democratic presidential rival, Bernie Sanders, met with the Rev. Al Sharpton on Wednesday. Mr. Sanders then tweeted that “As President, let me be very clear that no one will fight harder to end racism and reform our broken criminal justice system than I will.” And he appeared on the TV talk show “The View” saying, “It is not acceptable to see unarmed people being shot by police officers.”

Apparently the Black Lives Matter movement has convinced Democrats and progressives that there is an epidemic of racist white police officers killing young black men. Such rhetoric is going to heat up as Mrs. Clinton and Mr. Sanders court minority voters before the Feb. 27 South Carolina primary.

But what if the Black Lives Matter movement is based on fiction? Not just the fictional account of the 2014 police shooting of Michael Brown in Ferguson, Mo., but the utter misrepresentation of police shootings generally.

To judge from Black Lives Matter protesters and their media and political allies, you would think that killer cops pose the biggest threat to young black men today. But this perception, like almost everything else that many people think they know about fatal police shootings, is wrong.

The Washington Post has been gathering data on fatal police shootings over the past year and a half to correct acknowledged deficiencies in federal tallies. The emerging data should open many eyes.

For starters, fatal police shootings make up a much larger proportion of white and Hispanic homicide deaths than black homicide deaths. According to the Post database, in 2015 officers killed 662 whites and Hispanics, and 258 blacks. (The overwhelming majority of all those police-shooting victims were attacking the officer, often with a gun.) Using the 2014 homicide numbers as an approximation of 2015’s, those 662 white and Hispanic victims of police shootings would make up 12% of all white and Hispanic homicide deaths. That is three times the proportion of black deaths that result from police shootings.

The lower proportion of black deaths due to police shootings can be attributed to the lamentable black-on-black homicide rate. There were 6,095 black homicide deaths in 2014—the most recent year for which such data are available—compared with 5,397 homicide deaths for whites and Hispanics combined. Almost all of those black homicide victims had black killers.

Police officers—of all races—are also disproportionately endangered by black assailants. Over the past decade, according to FBI data, 40% of cop killers have been black. Officers are killed by blacks at a rate 2.5 times higher than the rate at which blacks are killed by police.

Comment by Professor Bear
2016-07-10 09:08:35

“Officers are killed by blacks at a rate 2.5 times higher than the rate at which blacks are killed by police.”

You have to wonder whether the high incidence of police officers getting killed by blacks is a significant contributor to the risk of blacks getting shot during police stops.

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Comment by Anonymous
2016-07-09 11:20:11

“12 percent of white and Hispanic homicide deaths were due to police officers, while only four percent of black homicide deaths were the result of police officers.”

http://homicides.suntimes.com/

Comment by Professor Bear
2016-07-09 13:07:27

Black Lives Matter more than white or Hispanic lives.

Comment by Anaonymous
2016-07-10 09:24:20

Except that apparently black lives don’t matter if anyone other than a white cop is doing the killing.

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Comment by Professor Bear
2016-07-10 11:46:58

Exactly.

Singling out white cops is racis’.

 
 
 
Comment by phony scandals
2016-07-09 16:21:25

According to MightyMike, Obama and the SPLC

None of that addresses the question of whether blacks face more unwarranted violence from police than whites.

Comment by MightyMike
2016-07-09 18:08:43

That’s correct. None of it does. Then again, many people don’t care about the issue itself. They hate blacks and enjoy statistics which they think make blacks look bad.

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Comment by phony scandals
2016-07-09 19:50:22

Enjoy statistics that make race baiters look bad.

Fixed it for ya Mikey.

 
Comment by MightyMike
2016-07-09 22:32:15

I don;t think so, phony. Race baiting is all in your mind anyway. That’s been shown repeatedly all over the internet.

 
Comment by phony scandals
2016-07-10 08:05:10

Face it Mikey you are a Master Baiter.

 
 
 
 
 
Comment by frankie
2016-07-09 07:36:09

just a quick note, both candidates for the Tory party Leadership in the UK and hence the next Prime Minister are committed Christians; bit of a change from the era of Blair when his chief spin doctor stated “We don’t do God”

“Tony Blair’s most senior advisers have intervened to prevent him discussing his faith in public, according to two new profiles of the Prime Minister.

The bar on the topic is so rigid that Alastair Campbell, Mr Blair’s director of strategy and communications, intervened in a recent interview to prevent the Prime Minister from answering a question about his Christianity. “We don’t do God,” Mr Campbell interrupted.

It also emerged yesterday that Mr Blair was prevented by his advisers from ending his address to the nation at the start of hostilities in Iraq with the message: “God bless you.” The extent of the sensitivity at Number 10 to Mr Blair discussing his faith is revealed in an article to mark Mr Blair’s 50th birthday this week in Vanity Fair.”

http://www.telegraph.co.uk/news/uknews/1429109/Campbell-interrupted-Blair-as-he-spoke-of-his-faith-We-dont-do-God.html

Comment by 2banana
2016-07-09 07:53:51

Stalin, Lenin, Pol Pot and Mao didn’t do God either.

Comment by frankie
2016-07-09 08:42:26

Not quite true Stalin did but only when it suited him

But during World War II, Stalin eased up considerably on religion. He allowed for tens of thousands of Russian Orthodox churches to reopen, adopted an official policy of tolerance toward Muslims,6 and re-established the hierarchy of leadership in the Russian Orthodox Church.7 There were even rumors that Stalin had reconsidered his own personal relationship to religion when he took a “mysterious retreat” in 1941.8

But for all accounts and purposes, Stalin was a hardcore atheist until the day he died.

http://hollowverse.com/joseph-stalin/

Comment by Raymond K Hessel
2016-07-09 08:52:29

Stalin wasn’t above exploiting religion for his own ends. He is not alone in that regard.

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Comment by megamike48
2016-07-09 22:17:21

In addition Stalin was one of the first to recognize and support the Jewish state. That is until Israel swayed it favoritism to the USA.
https://www.amazon.com/Last-Days-Stalin-Joshua-Rubenstein/dp/0300192223/ref=sr_1_1?s=books&ie=UTF8&qid=1468127705&sr=1-1&keywords=the+last+days+of+stalin
And Stalin was one of the finest choir boys at the monastery he attended.
https://www.amazon.com/Stalin-I-Paradoxes-Power-1878-1928/dp/1594203792

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Comment by TheCentralScrutinizer
2016-07-09 09:50:46

And nonetheless, your sky wizard did nothing while they slaughtered millions of believers.

Turns out they were right.

Comment by 2banana
2016-07-09 10:17:55

Will to power

Nietzches

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Comment by In Colorado
2016-07-09 08:42:01

Will their advisers also tell the press “We don’t do God” and tell the new PM to keep her yap shut?

Comment by frankie
2016-07-09 08:45:00

No don’t thinks so, religion is becoming OK again, in fact it is a differentiator.

 
 
 
Comment by frankie
2016-07-09 07:38:11

World faces deflation shock as China devalues yuan at accelerating pace

China has abandoned a solemn pledge to keep its exchange rate stable and is carrying out a systematic devaluation of the yuan, sending a powerful deflationary impulse through a global economy already caught in a 1930s trap.

The country’s currency basket has been sliding at an annual pace of 12pc since the start of the year. This has picked up sharply since the Brexit vote, suggesting that the People’s Bank (PBOC) may be taking advantage of the distraction to push through a sharper devaluation.

“This makes a mockery of the PBOC’s suggestion that its policy is to keep the currency’s value stable,” said Mark Williams, chief China economist at Capital Economics. “Markets will not take PBOC policy statements at face value in the future.”

Mr Williams said it is unclear whether Beijing intended to deceive investors all along when it gave categorical assurances earlier this year, or whether it is feeding on events.

http://www.telegraph.co.uk/business/2016/07/07/world-faces-deflation-shock-as-china-devalues-at-accelerating-pa/

Might be a problem for the USA but not for the UK we are devaluing even faster than the Yuan. Not to say we don’t have other issues, my how we have other issues.

Comment by Raymond K Hessel
2016-07-09 12:49:59

Look at the rate the Yuan has been devaluated over the past three months. The administration might whinge about “currency wars” but will they actually do anything, given all the Chinese donors who have contributed generously to the DNC and the Clinton Foundation?

 
 
Comment by Raymond K Hessel
2016-07-09 08:59:04

Trump will destroy his credibility as a “maverick” anti-Establishment candidate if he picks Newt Gingrich, the epitome of the consumate political insider and Establishment GOP sellout.

http://www.breitbart.com/2016-presidential-race/2016/07/09/newt-gingrich-4/

Comment by TheCentralScrutinizer
2016-07-09 09:52:45

He’s no maverick. He’s a guy that’s really good at figuring out what people want to hear, and saying it in such a way that they think he’s sincere.

He’s a blank slate. An empty head. Once in office, he’ll do whatever the people that flatter him the most tell him to.

Comment by Anonymous
2016-07-09 11:28:14

In other words, he’s a politician.

 
Comment by redmondjp
2016-07-10 00:07:31

No different than a President Hillary would do. She’ll do anything that her globalist masters tell her to - they have so much dirt on her that they can pull her ticket any time they want to.

 
Comment by TheFabulousMoolah
2016-07-10 10:32:47

Glad you are able to read his mind and also ignore all evidence to the contrary. This “he’s just telling the rubes lies they want to hear” dog don’t hunt. Fomenting the populace against open border masters is already doing more than the RINO GOPe has done in the last 30 years.

Also I’ll take a flyer on it even if it is a gamble versus the 100 percent chance Hillary will entirely dismantle the immigration system and further destroy the rule of law. She’s already said, ignore those who are here, we want even more to come in, all the relatives — chain migration forever.

 
Comment by Professor Bear
2016-07-10 14:01:30

“…he’ll do whatever the people that flatter him the most tell him to.”

MAKE RUSSIA GREAT AGAIN

Vladimir Putin wrote and perfected Donald Trump’s political playbook 15 years ago

 
 
 
Comment by phony scandals
2016-07-09 09:19:33

Instagram reveals ‘Wolf of Wall Street-style’ party that ‘trashed’ $20-million Hamptons mansion

By Madalyn Mendoza Updated 3:06 pm, Friday, July 8, 2016

“Didn’t they tell you that we were savages #Sprayathon2016 #hamptons #july4th #hamps #happy4th #instadaily #thethingsidotosavepuppies #happybirthdaymurica #sprayathon,” @socialstylenyc.  Photo: Instagram

Instagram is providing a look into the Hamptons rager that reportedly resulted in an Airbnb rental home littered with “used condoms” and awash in alcohol last weekend, prompting a pending $1 million lawsuit.

The New York Post’s Page Six reported Brett Barna, a 31-year-old hedge fund manager, is about to be sued by the owner of a 9-bedroom Airbnb rental, touted as a $20 million, ‘true masterpiece’ of the Hamptons. The home was allegedly rented — and wrecked by Barna and his throngs of Champagne-spraying revelers — during a raucous, “Wolf of Wall Street”-style shindig on July 3.

Comment by Raymond K Hessel
2016-07-09 10:15:04

This display of hedonism sponsored by the Federal Reserve and its deranged money-printing for its oligarch accomplices.

 
Comment by Anonymous
2016-07-09 11:30:33

Why did I just start thinking about ol’ Enron ?

 
 
Comment by Raymond K Hessel
Comment by TheCentralScrutinizer
2016-07-09 09:54:25

It’s just the older generation selling their country out from under their children, a few years before they shift off this mortal coil. Perfectly normal.

Comment by MacBeth
2016-07-09 10:10:16

No, it isn’t normal.

And no, it hasn’t always been this way, either. Not even close.

Comment by Raymond K Hessel
2016-07-09 10:12:48

No responsible, moral people leave their problems to their children and their generation. The Boomers are singular in the history of this country for their fecklessness, self-absorbtion, and all around worthlessness. With notable exceptions, of course.

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Comment by MacBeth
2016-07-09 11:03:25

Thank goodness for Generation X.

They experienced what life was like before Boomers took over. They knew many, many people who, as elders, did not place themselves first.

Those people were their grandparents, their neighbors, their teachers, their leaders.

Long after most Boomers are dead, Gen X will still remember.

 
Comment by junior_bastiat
2016-07-09 17:09:16

All a result of the decline in faith, in part precipitated by the corruption of all the major churches as they drift towards leftism, which holds no principle aside from power/control is everything. I predict the pendulum will swing back and christianity will harden up and look a little more like islam in order to beat back its spread.

 
Comment by The Central Scrutinizer
2016-07-10 08:09:08

Jesus was the ultimate hippy. Christianity and conservatism are ridiculous bedfellows.

 
Comment by junior_bastiat
2016-07-10 16:36:13

Thats the narrative sold to people with no intellectual curiosity. They just accept the story of Jesus’ birth and then the story fast forwards to him being crucified @ 33. Plenty of fools who swallow the lies and do as they’re told - thanks for letting everyone know where you stand, or should I say lie?

 
 
 
 
 
Comment by phony scandals
2016-07-09 09:27:16

Here comes the…

Comment by Apartment 401
2016-07-09 09:55:30

Property tax bill?

Because even when it’s “paid off” you’re still renting it from the government.

 
 
Comment by Apartment 401
2016-07-09 09:34:31

Another narrative of collapsing demand:

“A recent study by the Pew Research Center found that in 203 of the 229 metropolitan areas in the US there was a fall in the share of adults living in “middle-income” households between 2000 and 2014, a remarkably consistent decline in the vast swathe of the population defined as earning somewhere between two-thirds and twice the national median income.

Some lucky families saw themselves promoted to the upper income bracket, where pay has been climbing. Still more slipped into the lower income bracket, leaving the share of middle-class adults four percentage points smaller overall.”

https://www.theguardian.com/us-news/2016/jul/07/middle-class-squeeze-money-household

 
Comment by Apartment 401
2016-07-09 10:03:35

Salon leads with the following narrative:

http://www.salon.com/2016/07/09/death_in_dallas_and_americas_existential_crisis_our_new_civil_war_over_the_nature_of_reality/

And now back to your regularly scheduled Drudge Report links.

 
Comment by palmetto
2016-07-09 10:09:40

So, after reading through all of the above, I was shocked, I tell you, SHOCKED that no one had posted this little gem from Zero Hedge about George Soros:

http://www.zerohedge.com/news/2016-07-08/how-george-soros-singlehandedly-created-european-refugee-crisis-and-why

This is a comprehensive article and a very good read. Many of the seemingly disparate phenomena discussed above on today’s thread can be traced back to this guy. The various connections, current and past, that he has in US politics are fascinating. Jack Lew, the Treasury Secretary, for example.

Color Revolutons, BLM, MoveOn.org, etc. All are his babies, interestingly.

Comment by MacBeth
2016-07-09 11:20:31

Palmy,

I wanted to thank you for outstanding commentary you made here a few days back (as Bill DeWahl, and I believe late Wednesday or late Thursday).

Perhaps the best bit of writing I have ever read here.

I’m heading out the door for a few days - when I return, I’ll track it down and repost if you don’t mind.

It left quite an impression. Thanks.

Comment by palmetto
2016-07-09 11:59:16

Well, thanks, MacBeth! Sorry I didn’t see this earlier, I had an errand to run.

No, I don’t mind if you re-post it, I’m kind of curious myself, can’t remember what I might have written that made such an impression. I hope I wasn’t too much of a cynical jerk.

Anyway, wherever you are off to, enjoy and I’ll be looking for that re-post.

Comment by palmetto
2016-07-09 12:27:53

I’d like to put in a plug for the piece that Ben wrote a couple of weeks or so ago, about hard times ahead and treating each other with a bit of respect and being mindful of what one says, because it can’t be unsaid.

Maybe not today, but I’d like to see it re-posted. Maybe every so often. I’ve thought about it often and while it doesn’t always make me a better person, it certainly has helped me to hold my tongue (or keyboard, as the case may be) on occasion.

There was other things in the post as well.

How about it, Ben?

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Comment by Ben Jones
2016-07-09 12:41:05

Fine with me. I don’t remember where it is though.

 
Comment by palmetto
2016-07-09 13:10:16

Maybe some key words would locate it. I remember “what is said can’t be unsaid”, or something similar.

 
Comment by Ben Jones
2016-07-09 13:51:57
 
Comment by palmetto
2016-07-09 14:38:02

Yep, that’s the one. Great post, I just bookmarked it.

The Mexico thing is an interesting issue, too.

 
 
 
 
Comment by Raymond K Hessel
2016-07-09 12:37:19

Soros and Goldmans Sachs plucked Obama from well-deserved obscurity, used the captured media to depict him as a progessive change agent and bearer of “hope and change,” then, banking successfully on the ignorance and gullibility of the low-information voters, installed him in the White House. The rest, as they say, is history.

Comment by TheFabulousMoolah
2016-07-10 11:01:50

All of these “protests” are planned and financed and part of a larger plan to drive demographic turnout for a candidate for whom there is no interest or excitement. Otherwise they are staying home and Hillary loses. The massive collapse in turnout on that side in the primaries, coupled with the Berniebots and core Obama voters’ passion deflating has many entrenched interests afraid.

 
 
Comment by Anonymous
2016-07-09 12:40:58

” It is said that until the end of the war in 1945, he worked with a government official, helping him confiscate property from the local Jewish population.”

Why am I not at all surprised to read that !?

Comment by Raymond K Hessel
2016-07-09 14:48:55

Google “Soros helped the nazis” sometime. Maybe he did it out of self-preservation - he was only 14 or so at the time - but he has a lifetime of sordid dealings.

 
 
Comment by Anonymous
2016-07-09 13:03:23

Interesting stuff indeed. I’ve been wondering why there seems to be a plan in place to destabilize Europe. Doesn’t that make it increasingly unlikely the Euro will ever be a real threat to the dollar as the global reserve currency? Is that a goal for Soros, et al?

 
 
Comment by Raymond K Hessel
2016-07-09 10:10:34

An ignorant and amoral electorate will naturally clear the way for a criminal sociopath to ascend to the highest office in the land.

http://buchanan.org/blog/hillary-morally-unfit-president-125417

Comment by MacBeth
2016-07-09 10:41:50

Hey, as long as it’s legal….why not?

Besides, everyone else is doing it.

 
Comment by Raymond K Hessel
2016-07-09 14:53:55

By urging no prosecution, but providing evidence for a verdict of criminal negligence in handing classified material, Comey was saying: “I am not recommending prosecution, because, to do that, would be to force Hillary Clinton out of the race, and virtually decide the election of 2016. And that is my not decision. That is your decision. You, the American people, should decide, given all this evidence, if Clinton should be commander in chief. You decide if a public figure with a record of such recklessness and duplicity belongs in the Oval Office.”

There was nothing noble about the nation’s top law enforcement officer declining to enforce the law on a member of the oligarchy, or punting her fate, in Pontious Pilate fashion, onto an electorate that has already convincingly demonstrated its lack of intellectual or moral fitness to choose quality leadership.

Comment by TheFabulousMoolah
2016-07-10 11:04:32

The people seem to be against open borders every time they try to cram it down their throats. So they got that going for them, which is nice.

 
 
 
Comment by Apartment 401
2016-07-09 10:11:31

William Kristol bemoans the lack of a sufficiently bloodlust warmonger to vote for:

http://www.weeklystandard.com/neither-of-the-above/article/2003188

Neocons gonna neocon.

Comment by Raymond K Hessel
2016-07-09 12:39:21

Onward Christian soldiers….

 
 
Comment by Ben Jones
2016-07-09 10:31:20

The Revolt Against Globalism

Why the elites are in a panic

http://original.antiwar.com/justin/2016/07/03/the-revolt-against-globalism/

Comment by Apartment 401
2016-07-09 10:39:57

“As for those trade agreements which are mislabeled “free trade” but are really just protectionist trade blocs meant to “integrate” us into supranational entities – it’s really a shame the two presidential candidates have bowed to pressure from the Little People and come out against them. But it’s not too late to shore up the failing EU by signing the Transatlantic Trade and Investment Partnership (TTIP).”

My offer still stands to provide a “ruin porn” tour of deindustrialized Northeast Ohio. There is a half-day, full-day, or full-week itinerary to select from.

 
Comment by Raymond K Hessel
2016-07-09 12:32:39

I don’t see much evidence for any such “revolt against globalism” or the elites here in ‘Murica. In 2008 and 2012, 95% of the electorate bent over like docile little serfs for the Oligopoly status quo with their votes for Obama, McCain, and Romney. Those people are still out there, they’re still stupid, and they’re still casting votes against their own interests. Moreover, the epitome of the corrupt status quo, Hillary Clinton, will almost certainly be our next president, illustraing how morally and intellectually debased the populace has become. As far as I can tell, it is only the intelligent, principled portion of the population - 5% at best - that opposes globalism and the oligarchy takeover of our institutions of governance.

Comment by Ben Jones
2016-07-09 13:14:55

‘only…5% at best - that opposes globalism’

I’d say fewer than that even know what globalism is. Yet it is the most significant economic force of the day. Look at some of these comments in the post above. What people are increasingly aware of is that things aren’t right. Jobs aren’t plentiful enough, don’t pay what they should and the rents too high.

Comment by Raymond K Hessel
2016-07-09 14:45:00

hat people are increasingly aware of is that things aren’t right.

The Obama Zombies, McCain Mutants, and Romney Retards may have a dim perception that they’re getting screwed over, but they lack the intelligence to grasp either the magnitude of their buggering or that they themselves, by voting for the crony capitalist status quo, are the direct enablers of the Oligopoly that’s robbing them blind.

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Comment by redmondjp
2016-07-10 00:13:34

You got that right. I talked to somebody at work the other day who didn’t have the slightest clue who George Soros even is.

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Comment by In Colorado
2016-07-10 09:56:23

And George wants to keep it that way. Even fewer have heard of the Rothschilds. There’s a reason so many celebs are invited to pontificate at Davos. The PTB prefer to have everyone focus on whatever nonsense someone like Bono will utter rather than actually pay attention to real power brokers.

 
Comment by TheFabulousMoolah
2016-07-10 11:07:35

Hmmmmm, who seems to be the only viable candidate speaking out against globalism? Who brought up NAFTA, the TPP, etc.?

(And as for Bernie, if he’s at all antiglobalization then he should accept the invitation to take over as Green Party candidate.)

 
 
Comment by alphonso bedoya
2016-07-10 11:02:43

What should they pay? You can NOT compete with countries where people are expendable. An accountant now in India will do your books for $7/hr. Our wage structure is tied to everything else. When OUR accounting pay-scale is rolled back we look for a second and third job. We have a fixed overhead that is killing people.
Retail stores can not compete with Amazon and eBay which are Deflationary forces. (Price out your car parts on rockauto.com. They use to be 30% less !!)

Rents are fascinating to watch. (The ultimate rent of course is the one hundred-year mortgage.) They squeeze and force people into configurations that we label third-world. Are forces working to put everything on parity? That’s my take. I see no other outcome than an “authoritarian” state within two generations. The growing violence is more fascinating. Gun checks and registrations will not help when the violence comes from “displaced” Veterans. We want to believe they’re all “loners.” History shows us that soldiers overthrow governments, not peasants. That’s why the Premier of China took over the country’s armed forces.

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Comment by cactus
2016-07-09 11:18:48

1 minute ago a realtor rang my bell and wanted to know when Im going to sell my house.

just like 2005 Stocks like houses.. I’ll let it ride don’t feel like having a bunch of cash at zero percent.

Comment by Apartment 401
2016-07-09 11:58:25

Get any cookies or a fruit basket?

 
 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2016-07-09 12:42:51

How to control The Narrative: corporate capture of the media.

http://www.theburningplatform.com/2016/07/09/how-to-control-the-narrative/

 
Comment by Professor Bear
2016-07-09 13:01:29

Great news! Affordable gasoline prices may soon return.

Oil falling below $40 a barrel again isn’t out of the question
By Myra P. Saefong
Published: July 8, 2016 5:22 p.m. ET
DTN analyst sees potential for WTI oil to hit lows under $36/bbl.
Oil barrel burning

Oil futures suffered their largest weekly loss in five months on Friday and prices still have room to fall below $40 a barrel before the year is done.

Comment by Raymond K Hessel
2016-07-09 14:40:14

Jobless, broke people in our Obama-Fed-Goldman Sachs “recovery” aren’t doing much driving or shopping.

Comment by In Colorado
2016-07-10 09:58:02

Is that why Goon complains so much about traffic jams in Denver?

 
 
 
Comment by phony scandals
2016-07-09 13:57:25

“We cannot place our trust in any of our purported leaders, such as a sitting president, governor or mayor who put race before justice and common sense, or a presidential aspirant who showed gross negligence in the handling of highly sensitive government documents.”

Head Of NYPD SBA Union Blasts Obama, De Blasio For ‘Incendiary’ Rhetoric Leading Up To Dallas Police Massacre

July 8, 2016 3:41 PM

NEW YORK (CBSNewYork) – As the nation mourns the deaths of five slain police officers in Dallas, killed in the wake of the shooting deaths of Alton Sterling and Philando Castile by police, the head of the Sergeants Benevolent Association is speaking out.

In a letter to his membership, Ed Mullins blasts President Barack Obama, Minnesota Governor Mark Dayton and Mayor Bill de Blasio for “irresponsible, insensitive and incendiary words” that were “reverberating in the collective national psyche.”

As we mourn our fallen brothers and sisters, my anger is palpable and directed toward the gunmen, as well as the elected officials whose inappropriate choice of words provided the killers with tacit support.

Much blame lies with feckless political leadership at all levels of government. Prior to the slaughter of the officers in Dallas, President Obama weighed in on the shooting of a black motorist by a white officer in Minnesota.

Before any of the facts were in or any semblance of an investigation had taken place, Obama addressed what he called racial inequities in the United States by saying, “This is not just a black issue, not just a Hispanic issue. This is an American issue that we should all care about.”

What exactly was he implying?

Shortly afterwards, Governor Mark Dayton of Minnesota, a white man, offered his own opinion of the shooting.

“Would this have happened if the driver were white, if the passengers were white?” he asked with strategic Marilyn Mosby-type self-righteous indignation at a nationally televised press conference. “I don’t think it would have.”

Talk about painting with a broad brush. The governor didn’t just throw the officer under the bus, he backed up over him with such premature, idiotic and inflammatory rhetoric.

Not to be outdone, Mayor de Blasio offered his own narrative, which was no different than what we have heard so many times from him before.

“No parent of color, or parent of a child of color, can watch that and not be afraid,” he opined. “You fear for the life of a child when you see a situation like this because it’s inexplicable.”

What is even more inexplicable is how our purported leaders refuse to acknowledge the correlation between the cessation of proactive enforcement and the runaway murder rate in communities of color throughout the United States.

SBA Chief Blasts Obama, De Blasio For ‘Tacit Support’ Of Dallas …
http://newyork.cbslocal.com/2016/07/08/sba-chief-ed-mullins-dallas/ - 96k - Cached - Similar pages
1 day ago .

Comment by Raymond K Hessel
2016-07-09 14:38:40

“We cannot place our trust in any of our purported leaders, such as a sitting president, governor or mayor who put race before justice and common sense, or a presidential aspirant who showed gross negligence in the handling of highly sensitive government documents.”

When 95% of the electorate are stupid, you are not going to get quality candidates running for public office.

 
Comment by palmetto
2016-07-09 14:39:40

Dayton is a nasty, condescending cucked POS.

 
Comment by Raymond K Hessel
 
 
Comment by Raymond K Hessel
2016-07-09 16:29:47

Look for all the Goldman Sachs alumni running the Fed and central banks for the exclusive benefit of their .1% cohorts are going to be imposing ZIRP/NIRP to try to corral the muppets back into the rigged casinos. Must.levitate.stawks!

http://www.telegraph.co.uk/business/2016/07/09/bank-of-england-poised-to-slash-interest-rates-to-shore-up-econo/

 
Comment by Raymond K Hessel
 
Comment by Apartment 401
2016-07-09 16:36:54

DJ Danger Mouse — The Grey Album (a capella vocal from Jay Z’s Black Album mixed over instrumentation from the Beatles’ White Album, 2003):

https://www.youtube.com/watch?v=d1_Jwlqk2FE&list=PLhrglt2nmIGj_BUNl8jY47SzR8B9P52ur

Comment by Apartment 401
2016-07-09 16:47:29

Jay Z is worth over half a billion dollars.

How you living?

 
 
Comment by azdude
2016-07-09 17:33:27

remember this:

more debt = more demand for dollars

 
Comment by Raymond K Hessel
2016-07-09 18:37:55

“No justice, no revenue.” The race pimps’ shakedowns are getting more blatant.

http://chicago.cbslocal.com/2016/07/09/chicago-protesters-will-try-to-shut-down-the-taste-of-chicago-today/

 
Comment by Professor Bear
2016-07-10 04:28:55

Worrisome sign of another housing bubble ahead: Mealy-mouthed academics are beginning to hem and haw about whether Subprime Sam’s Easy Money Mortgage Lending operation might lead to yet another housing crisis, so soon after the 2007-08 debacle.

Just in case the math seems too hard, assuming the same downpayment amount, a homebuyer can “afford” over five times as expensive a house bought using a 3.5 percent downpayment as with a 20 percent downpayment (20/3.5 = 5.7 X).

U.S.
If Some Homeowner Trends Continue, Signs Of Another Housing Bubble Ahead
July 3, 2016
8:04 AM ET
Heard on Weekend Edition Sunday

Double-digit price rises, easy credit and no money down — these all led to a housing bubble a decade ago. NPR’s Rachel Martin asks UCLA economist Stephen Oliner if we are headed for disaster.

UNIDENTIFIED WOMAN #1: I think most people hate to think of themselves as middle class.

UNIDENTIFIED WOMAN #2: Have what you need, but maybe not everything you want.

UNIDENTIFIED MAN #1: We have a car but we live in an apartment. That’s middle class.

UNIDENTIFIED MAN #2: If you add a boat, then you’re not middle class anymore. That’s what changes it right there.

UNIDENTIFIED MAN #3: The middle class are families who are earning six figures.

UNIDENTIFIED MAN #4: Thirty thousand, $35,000 probably.

UNIDENTIFIED MAN #5: That means me, and it means I’m in trouble (laughter).

RACHEL MARTIN, HOST:

This is Hanging On, our continuing series about the American middle class, looking at the economic pressures of American life in 2016. And today we’re talking about the housing bubble. What bubble, you say? Wasn’t that the thing that caused the Great Recession? And isn’t it over now?

Yes, all that is true, but our next guest says there are signs another housing bubble may be on the horizon. Stephen Oliner used to be with the Federal Reserve Board. Now he’s at UCLA, where he analyzes real estate markets, and he’s here now. Thanks so much for being with us.

STEPHEN OLINER: Thanks, Rachel. I’m really happy to be with you.

MARTIN: You track housing market indicators. What are you seeing right now?

OLINER: So we’re seeing worrying signs of building excesses again in the housing and the mortgage markets. It’s not that we’re in a crisis today or in a bubble today, but there are trends underway that, if they’d run for a very long time, will put us back into a situation that will look a little bit like what we had in the last crisis.

MARTIN: That’s unbelievable because we went through all kinds of collective strife over this, and there was legislation passed. So before we get into what didn’t work in all those changes, what specifically are you seeing? What are the indicators?

OLINER: So there are really two types of indicators. The first concerns the risk that’s in the mortgage loans that are being made today. So at the American Enterprise Institute, where I have a position as well as at UCLA, we analyze about 80 percent of the individual home mortgage loans made every month to purchase homes. And many of these loans are very risky, subprime-style loans that are now being made with government guarantees rather than being held by private investors. But nonetheless, they’re quite risky.

MARTIN: How can this be possible? I mean, the whole problem, as I understand it, was that people who could not afford these mortgages were being enticed into signing on the dotted line, and the lenders knew it.

OLINER: Right, so the element of fraud that was rampant during the financial crisis in the lead-up to the bubble, that’s basically gone. But there still are other ways for loans to be risky in many dimensions, and that is still happening. So let me give you just a couple of specifics. Now, we normally think that people in a prudent lending situation will put down 10 or 20 percent. That’s so old-school. That’s not happening now. The median down payment for a first-time buyer in the United States is 3 and a half percent.

If they were to turn around and need to sell the house, they wouldn’t get enough money to repay the mortgage. So they’re actually underwater on day one of the mortgage. There are other ways in which the mortgages are risky. One is that people are still stretching to buy bigger houses with larger monthly payments than is really safe given their incomes, and that is completely allowable under our current mortgage regulations.

MARTIN: Which is good and bad, right? After the housing crisis, people were so scared that nobody wanted to buy anything. And now you’re saying we’ve overcompensated and people are living beyond their means again.

OLINER: Yes, that is what I’m saying. And we tend to think that a very strict, regulatory framework was put in place that would prevent this from happening again. And the problem is the following - 80 percent or so of the loans that are being made in the United States today are loans that have a government guarantee of some kind, federal government guarantee, and those loans are exempt from the regulations.

Comment by Mr. Banker
2016-07-10 05:49:53

“… 80 percent or so of the loans that are being made in the United States today are loans that have a government guarantee of some kind, federal government guarantee, and those loans are exempt from the regulations.”

Bahahahahaha … this means the lenders get to enjoy the profits and the taxpayers get to eat the losses.

“… those loans are exempt from the regulations.”

Bahahahahahahahahahahahahahahahaha … a nation of dummys.

Bahahahahaha … you pukes should remember to be sure to vote for the candidate of your choice in this next election (the candidate of my choice actually) so as to get some more of these nifty regulations exempted.

Pukes vote, then they go to work to earn money to send to lenders. And these pukes think this democracy thingy is so wonderful. Well, so do I!

I like it. I love it. I want some more of it.

Bahahahahahahahahahahahahahahahahahahahahaha.

Comment by Mr. Banker
2016-07-10 05:57:29

Here’s an interesting statistic …

“The BGOV Barometer shows that 90 percent of House members and 91 percent of senators who sought re-election in 2012 were successful, exceeding the incumbent re-election rates of 2010, when 85 percent of House members and 84 percent of senators seeking re-election were successful.Dec 13, 2012″

You pukes certainly must enjoy your pain. If you didn’t then you wouldn’t keep on voting into office the same people who give you large doses of it.

Again, a nation of dummys.

Comment by Ben Jones
2016-07-10 06:08:48

You are alienating vast swaths of the electorate.

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Comment by Mr. Banker
2016-07-10 06:28:28

“You are alienating vast swaths of the electorate.”

I am truly sorry. To make up for my transgressions I will offer to all my Dotted Line Special. This offer includes a (one) free cup of coffee; Terms regarding cream and sugar are negotiable.

 
Comment by Mr. Banker
2016-07-10 06:38:14

This large swath of the electorate that I, personally, am alienating is being offered up the choice this coming November of electing either:

1. Hillary Clinton or

2. Donald Trump.

One or the other of these two people is scheduled to become elected. And it is I, me personally, who is alienating vast swaths of the electorate?

Bahahahahahahahahahahahahahaha. Ben, your jokes are killing me!

 
Comment by Mr. Banker
2016-07-10 06:45:35

I hereby offer up to the HBB this short documentary that illustrates our form of democracy as it is now practiced:

https://www.youtube.com/watch?v=qdFLPn30dvQ

 
Comment by Raymond K Hessel
2016-07-10 06:53:48

Can you throw in a toaster, Mr. Banker?

 
 
Comment by Raymond K Hessel
2016-07-10 06:54:57

“The BGOV Barometer shows that 90 percent of House members and 91 percent of senators who sought re-election in 2012 were successful, exceeding the incumbent re-election rates of 2010, when 85 percent of House members and 84 percent of senators seeking re-election were successful.Dec 13, 2012″

You can’t fix stupid.

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Comment by Mr. Banker
2016-07-10 07:02:07

“You can’t fix stupid.”

Therein lies the beauty of it all.

 
Comment by Raymond K Hessel
2016-07-10 07:53:27

Bend over for more bankster bailouts, taxpayers.

http://www.zerohedge.com/news/2016-07-10/deutsche-banks-chief-economist-calls-€150-billion-bailout-european-banks

 
Comment by Ben Jones
2016-07-10 08:05:44

‘Grant Williams, the author of the widely-read financial publication “Things That Make You Go Hmmm” says we’re experiencing something “truly historic” in the global economy. In a new 40-minute video presentation called “Crazy,” Williams highlights the extraordinary levels of global debt and unprecedented monetary policy we’ve seen since the 2008 financial crisis.’

‘There’s simply too much debt, he argues. He illustrated this in the chart above, which shows the growth of credit instrument eclipsing the much more modest climb in US GDP. Following the 2008 financial crisis, central bankers unleashed ultra easy monetary policy. One of the efforts involved the Fed making large-scale purchases of bonds, aka quantitative easing.’

‘Williams points out that since the crisis there’s been 650 interest rate cuts by central banks around the world — or about one rate cut every three trading days. And in the eight years since the crisis, interest rates remain at or near zero, and in some parts of the world they’re negative.’

“If you woke someone up this morning and explained what’s going on with negative rates and central bank balance sheets… it’s a snapshot of how far we have gone into crazy town. It happened incrementally … It happened slowly,” Williams tells Yahoo Finance.’

‘All of this matters with the recent Brexit decision and the upcoming election in the US with Hillary Clinton and Donald Trump being the presumptive nominees from their parties. “People are unhappy. It’s more expensive to live. They sense all this stuff,” he tells Yahoo Finance, adding, “It’s never the question you ask that gets answered…”

 
Comment by azdude
2016-07-10 08:16:12

There are a lot of people getting a free ride from all this debt that is impossible to pay off. All they do is keep dropping rates to service it.

U must sacrifice your interest on your savings account to help service it.

All the talk about raising rates was nonsense. We are going to start QE again soon. It is totally unsustainable.

 
Comment by Ben Jones
2016-07-10 08:20:59

‘Bend over for more bankster bailouts, taxpayers’

“Tax” payers aren’t paying for anything. This is Yellen bucks. Look at the chart. Like China, they are creating several times more Yellen bucks for each dollar of GDP that’s produced.

You guys put too much into voting. It’s been that way for decades with incumbents. Question; is there a “none of the above” on these ballots? Because most people don’t vote, including some reading here.

Some random thoughts on the limits of power. Brexit was not a vote for any person, but it is shaking up a continent. Egypts’ Mubarak won his last election with over 90% of the vote. Just before he found himself in a cage.

 
Comment by azdude
2016-07-10 08:25:49

Is china’s economy nose diving a good excuse for more yellen bucks? Brexit was a great distraction for a few weeks. Now all the business channels are talking about the rate hike again. this is a total circus.

 
Comment by In Colorado
2016-07-10 09:39:58

‘Grant Williams, the author of the widely-read financial publication “Things That Make You Go Hmmm” says we’re experiencing something “truly historic” in the global economy. In a new 40-minute video presentation called “Crazy,” Williams highlights the extraordinary levels of global debt and unprecedented monetary policy we’ve seen since the 2008 financial crisis.’

There’s a documentary on Netflix called “Boom, Bust, Boom”. It covers most of what we discuss here,especially debt. It mentions towards the end that most economists ignore debt in their economic models, most because it makes the models far more complex and less “elegant”

 
Comment by Raymond K Hessel
2016-07-10 11:33:11

“Tax” payers aren’t paying for anything. This is Yellen bucks.

No doubt that Yellen the Felon will print away all government and bankster debts and liabilities. In the process, she will continue the debasement of every dollar in your wallet and mine, and escalate the Fed’s War on Savers. And she will get away with it, because 95% of the electorate are functional retards who keep voting for the crony capitalist status quo.

I’ll concede the point that in the last couple of elections, only about 30% of the eligble voters actually turned out. That is encouraging, since it’s possible that a significant percentage of those who chose not to vote correctly recognized that Obama, McCain, and Romney were all the same candidate and declined to sanction more of the same with their votes. So perhaps is more accurate to say that 100% of the Obama Zombies, McCain Mutants, and Romney Retards are hopelessly stupid, but a sizeable percentage of the general public is refusing to vote for the Republicrat duopoly’s Tweedle-Dee/Tweedle-Dum “choices.”

 
Comment by Ben Jones
2016-07-10 12:09:47

‘Japan’s biggest bond bulls, seasoned by two decades of economic stagnation, say the plunge in yields below zero in Tokyo foreshadows record-breaking gains for U.S. Treasuries.’

‘Mitsubishi UFJ Kokusai Asset Management says U.S. 10-year yields will drop to 1 percent as soon as this month. Sumitomo Mitsui Trust Asset Management says it’s likely in 2017, and Mizuho Asset Management predicts the figure may go even lower. The yield, a benchmark for everything from U.S. mortgages to dollar bonds in developing nations, plunged to a never-before-seen 1.318 percent last week.’

“Welcome to the world of Japanification,” said Hideo Shimomura, the 49-year-old chief fund investor at Mitsubishi UFJ Kokusai in Tokyo, which oversees about $119 billion. “One percent is inevitable.”

‘Shimomura has 20 years of experience in bonds and has been bullish on Treasuries since 2010, watching the 10-year yield tumble 2 1/2 percentage points as Japan’s slumped all to way to zero. He’s seen the same trends in Japan play out in the U.S., with an aging population and competition from low-cost manufacturers cooling inflation. Higher welfare costs limit room for fiscal stimulus, encouraging monetary authorities to pump money into the economy, where banks park the cash in bonds instead of using it to make loans.’

‘Treasury 30-year yields tumbled to an unprecedented 2.09 percent at the end of last week even as the Labor Department reported the U.S. added 287,000 jobs in June.’

‘Japan has 26 percent of its population over the age of 65, compared with 15 percent in the U.S., based on World Bank estimates. U.S. baby boomers, born when birth rates spiked for almost two decades after World War II, began turning 65 in 2011, according to the U.S. census bureau. Those 65 and over will almost double in 2050 from 2012’s level, it estimates.’

‘Japan’s experience shows there’s no limit to how low yields can go, said Yusuke Ito, the senior investor in Tokyo at Mizuho Asset, which oversees about $50 billion. The nation’s 10-year yield has plunged as low as minus 0.3 percent, and the 20-year reached minus 0.005 percent. While the U.S. is more welcoming to immigrants than Japan, that won’t be enough to offset downward pressure on the economy, said Ito.’

“Japan is aging the fastest,” Ito said. “The economic boom is busted” in the Asian nation, he said. “There is no sign of recovery. That’s something that will happen to the other economies.”

‘Hideaki Kuriki, a debt investor at Sumitomo Mitsui Trust, which oversees $81 billion in Tokyo, sees it from a different perspective. Positive U.S. yields compare favorably to negative 10-year yields in both Japan and Germany just as Britain’s exit from the European Union threatens to slow global growth, he said. The world’s biggest sovereign debt market also has greater liquidity, Kuriki said.’

“The world economy will decline,” he said. “U.S. Treasury yields will go down. The Fed can’t hike.”

‘The U.S. economy expanded 1.1 percent in the first quarter, the slowest pace in a year. The U.S. inflation rate is 0.9 percent based on a gauge the Fed monitors, and it has been below the 2 percent target for more than four years. The five-year, five-year break-even rate, the bond market’s expectation for the pace consumer prices will increase from 2021 to 2026, tumbled to 1.3 percent, the lowest level in data compiled by Bloomberg that go back to 1999.’

 
Comment by Ben Jones
2016-07-10 12:11:12

“The economic boom is busted” in the Asian nation, he said. “There is no sign of recovery. That’s something that will happen to the other economies.”

And if you say house prices are too high it’s called doom and gloom?

There are some problems with this reasoning. Can China, for example, live with 1% GDP growth? Or will there be heads on poles if that were to happen? Look at Brazil, or Russia and India. Some of these places are in recession already. In the US, the peasants are restless. Populism is taking hold all around the world. A backlash against globalism and its related mass immigration schemes. Don’t forget, Japan is a rich country. They don’t have social unrest and people getting short all over the place. Japan has been a winner in the globalization deals, and they are busted?

 
Comment by Professor Bear
2016-07-10 14:12:50

Isn’t this the sort of news item one expects to see in the run up to a recession?

Long dated US Treasury yields close at record lows
Fast FT
2 hours ago
July 8, 2016
Joe Rennison

Long dated US Treasury yields, which move inversely to price, closed at record lows on Friday, at the same time as the US stock market pushed close to new highs.

Typically Treasury yields fall as stocks fall, showing a flight to quality from investors out of risky assets into the relative safety of US government bonds, writes Joe Rennison in New York.

Traders and analysts have pointed to the strong global demand driving Treasury yields lower, as investors hunt for yield at a time when other high quality government debt is trading at negative rates.

US ten-year notes closed at 1.3579 per cent, surpassing their previous low of 1.3875 per cent, having set a new intraday low of 1.3180 on Wednesday. 30-year bonds fell to 2.0983 per cent, having fallen below their January 2015 low of 2.222 per cent earlier this week.

 
 
 
 
 
Comment by azdude
2016-07-10 06:14:22

all the brexit losses have been recovered, amazing isnt it?

Comment by Raymond K Hessel
2016-07-10 06:52:37

But…but…the Oligopoly-owned politicians and their media lapdogs said the sky would fall if the proles voted for self-determination.

Comment by azdude
2016-07-10 08:31:52

what will it take for the shorts to give in to yellen?

It seems like it has been a strategy to force short squeezes through the futures market.

If there are no short covering buyers who is left to hand the bag to?

 
 
 
Comment by The Selfish Hoarder
2016-07-10 06:53:21

The Bitcoin halving was yesterday. Some of the traders I’ve been following have predicted nothing wild will happen the same day. They were right. This is the second time a halving in rewards occurred. The price is around $600 and I’ve gotten in around $300. Of course I don’t buy anything all at once. This lack of any wild swing shows two things: The last six weeks of the behavior of Bitcoin was the actual reaction to the halving (as well as Chinese people fleeing capital controls). The resiliency of the Satoshi algorithm has been proven once again. The Bitcoin is becoming a more respected medium of exchange, more mature, as a way to get out of the US Dollar and fiat that you all have been complaining about.

Comment by azdude
2016-07-10 08:28:59

Capital gains on stocks and homes is all we need in the new economy!

Home prices could go up a lot more if the yield on the 10 year goes to zero. That could happen.

Comment by The Selfish Hoarder
2016-07-10 14:45:29

I agree but what good are prices going up if only wealthy Chinese scammers from mainland China could afford to own American and Canadien real estate? You expecting them to be the greater fools and buy your $150k Arizona house for $600k?

Australia is getting very close to banning further Chinese buyers of RE.

 
 
 
Comment by Raymond K Hessel
Comment by phony scandals
2016-07-10 08:10:11

:)

Comment by Anaonymous
2016-07-10 10:10:49

Might as well laugh at it all.

Comment by Mr. Banker
2016-07-10 12:29:08
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Comment by phony scandals
2016-07-10 07:01:26

Looking through some photos of the protests around the country from yesterday and last night I saw that gas prices in Baton Rouge were $1.86 a gallon.

 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2016-07-10 08:47:24

Water wars in the west are heating up as consumption keeps rising and the lakes and aquifers are being drained. How much for that home in Las Vegas when water rationing begins in earnest?

http://www.latimes.com/nation/

Comment by TheCentralScrutinizer
2016-07-10 09:57:11

Not to worry. Trump says he will turn the water back on.

 
Comment by In Colorado
2016-07-10 10:01:12

If you’re living west of the continental divide (except for the PNW), you’re in for a world of hurt (and a dead lawn in front of your million dollar bay area shack)

 
 
Comment by Professor Bear
2016-07-10 10:13:13

“ARE YOU AWARE OF THIS”

Where did they find the bobble-head transgender guy to put in this advert?

Do such people exist in the real world?

Comment by Raymond K Hessel
2016-07-10 10:55:29

Such freaks are well-represented in the ranks of your fellow Hillary supporters.

Comment by Professor Bear
2016-07-10 11:53:02

I’m not a Hillary supporter. By contrast, you are a Trump supporter, as evidenced by your innumerable pro-Trump posts.

Comment by TheFabulousMoolah
2016-07-10 15:54:37

You’ve been denying it here forever Lola, but you’ll pull that lever for her.

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Comment by Professor Bear
2016-07-10 17:53:08

It’s quite amusing to watch Trump’s zombified disciples pretend to know about how others will vote. Noting that Trump winning the nomination is the best thing that ever happened to Hillary is not an endorsement.

 
Comment by redmondjp
2016-07-10 23:05:39

It’s equally amusing to watch Hillary’s zombified disciples do the exact same thing. And these are people who are more highly educated and should know better.

 
 
 
 
 
Comment by Raymond K Hessel
2016-07-10 10:58:13

But…but…The Narrative! Guns are the problem! We must disarm the populace (but not the bodyguards of the Comrades of Proven Worth). It’s for the children….

http://www.americanthinker.com/blog/2016/07/dallas_shooter_linked_to_leftist_revolution_groups_and_nation_of_islam.html

 
Comment by Raymond K Hessel
2016-07-10 11:01:02

The cucks have their panties in a twist over Drudge headlines telling it like it is.

http://www.businessinsider.com/conservatives-drudge-report-dallas-2016-7

Comment by Apartment 401
2016-07-10 15:14:51

I like reading the Drudge Report, as long as you acknowledge that the Washington Times is a publication owned by the Unification Church (the Moonies) and that World Net Daily advocates an American foreign policy that is based on belief in the Rapture.

 
 
Comment by Raymond K Hessel
2016-07-10 11:25:04

Unless you’re a brain-dead moron who gets their “news” from the MSM, The Narratives just keep unraveling.

https://theconservativetreehouse.com/2016/07/08/the-curious-case-of-philando-castile-falcon-heights-mn-police-shooting/

Comment by Professor Bear
2016-07-10 12:05:06

There seem to be a lot of facts and circumstances of the case which were overlooked in both MSM and social media reporting of the incident by highly biased sources.

We are collectively in trouble if trial by social media replaces due process of law.

 
 
Comment by phony scandals
2016-07-10 11:31:17

“If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of superrich men promoting socialism becomes no paradox at all. Instead it becomes the logical, even the perfect tool of power-seeking megalomaniacs. Communism, or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite.”

 
Comment by Raymond K Hessel
2016-07-10 11:37:37

Meanwhile, in “gun free” Chicago…some black lives apparently matter less than others.

http://www.zerohedge.com/news/2016-07-10/115-shot-week-chicago-gun-free-zone-city-continues-death-spiral

Comment by Professor Bear
2016-07-10 14:08:18

“115 people were shot last week in Chicago.

When it comes to victims in Chicago, nearly 80% are black. As for arresting the culprits, nearly 80% are never found.”

Isn’t Chicago both Obama’s and Hillary’s home town? It seems amazing they overlooked the news about blacks getting shot on their home turf in favor of shining a bright lite on a couple of shootings involving police in other cities.

 
 
Comment by phony scandals
2016-07-10 11:48:23

Did FBI Director James Comey say Hillary was extremely clueless or extraordinarily careless or absolutely absent minded or very discombobulated with her handling of very sensitive, highly classified information?

I can’t remember the words he used.

 
Comment by Raymond K Hessel
2016-07-10 11:50:12

Michah Johnson got kicked out of the Army for stealing panties.

http://www.thedailybeast.com/articles/2016/07/09/inside-the-fall-of-the-dallas-shooter.html

 
 
Comment by Raymond K Hessel
Comment by Mr. Banker
 
 
Comment by Raymond K Hessel
2016-07-10 12:03:42

David Stockman warns of the train wreck that’s coming, thanks to the Fed.

http://davidstockmanscontracorner.com/wall-street-monkeyshines-look-ma-no-hands/

Comment by Raymond K Hessel
2016-07-10 14:40:04

…The casino is not capitalizing anything rational. It’s just drifting higher in daredevil fashion until something big and nasty stops it.

That something would be global deflation and US recession. Both are racing down the pike at accelerating speed.

Needless to say, when these lethal economic forces finally hit home, the puppy pile-up on Wall Street is going to be one bloody mess. But that’s the price you pay when you have destroyed honest price discovery entirely, and have transformed the money and capital markets into robo-machine driven venues of rank speculation.

Janet Yellen and the other 100 clowns who run the world’s central banks, of course, have no clue as to the financial doomsday machine they have enabled. Indeed, they apparently think efficient pricing and allocation of capital doesn’t matter.

After all, their entire modus operandi is to peg the price of money, bonds and the yield curve sharply below market-clearing levels—–so that households and business will borrow and spend more than otherwise.

 
 
Comment by inchbyinch
2016-07-10 13:50:58

Don’t wear flip flops driving. The person who rear ended me got hers caught in the pedal, hitting me, taking down a stop sign, and hitting a tree. Non-injury accident as far as I know. I am recovering from seat belt burn. An insane number of accidents annually, are caused by flip flops.

Comment by Professor Bear
2016-07-10 14:46:44

Don’t drive with any kind of shoes if your feet are uncoordinated.

Comment by Raymond K Hessel
2016-07-10 15:06:12

Don’t drive or vote if you are stupid.

Comment by Raymond K Hessel
2016-07-10 15:07:14

Or breed. That most of all.

(Comments wont nest below this level)
 
Comment by Professor Bear
2016-07-10 18:00:37

You apparently are hoping that Trump will lose.

(Comments wont nest below this level)
Comment by phony scandals
2016-07-11 13:14:42

lose?

 
 
 
 
 
Comment by Raymond K Hessel
2016-07-10 15:18:21

The special snowflakes in the UK who voted “remain” are now running to their therapists to whinge about their princess-and-a-pea sized problems. Wait until the whole financial house of cards comes crashing down, and then, special snowflakes, you’ll know what REAL distress looks like.

http://www.marketwatch.com/story/the-real-brexit-winners-british-therapists-2016-07-06?link=MW_latest_news

 
Comment by Raymond K Hessel
2016-07-10 15:23:27

Greeks, who are already reaping the consequences of voting for various corrupt crony-capitalist and socialist governments, are now fed up with fundamental transformation as they are inundated with migrant outflows from neocon regime change misadventures.

http://www.aljazeera.com/news/2016/07/volunteers-leave-greek-island-attacks-refugees-160710132258629.html

 
Comment by phony scandals
2016-07-10 15:58:33

Been a long time since a Bull won.

Víctor Barrio Spanish bullfighter Matador is gored to death - YouTube
https://www.youtube.com/watch?v=PGAr0oliBgo - 265k -

Comment by Professor Bear
2016-07-10 18:18:25

The game is rigged in the matador’s favor.

 
 
Comment by Apartment 401
2016-07-10 16:14:08

Remember, it’s Current Year.

Current Year, right?

“Rep. Elijah Cummings (D-Md.) on Sunday offered advice to young black males growing up in the United States.

“I would tell him that he’s going to have a lot of barriers to get to where he has to go, but that he can make it,” Cummings said on CBS’s “Face The Nation” when asked what he’d tell a young black male who came to him and asked what his future would look like.

Cummings said he would tell him to do everything he can to get a good education.

“But I would also tell him to be careful in whatever he does,” he said.

When asked if that meant to be careful with interactions with the police, Cummings said: “No doubt about it.”

Cummings then pivoted to talking about the fatal police shooting of Philando Castile in Minnesota last week, noting Castile was “a man who was doing everything right.”

http://www.thehill.com/blogs/blog-briefing-room/news/287155-cummings-on-advice-for-young-black-male-hes-going-to-have-a-lot-of-barriers

 
Comment by Apartment 401
2016-07-10 16:34:33

White people make music too. The Clash (self-titled, 1977):

https://www.youtube.com/watch?v=nRsdTPkLNxg&list=PLw8I74P–tlUjSBeipBPiJ6J4RV5f_3ks

Comment by Apartment 401
2016-07-10 16:46:37

Recommend the songs “Hate And War” and “Police And Thieves”

 
Comment by Raymond K Hessel
2016-07-10 17:15:36

Lulu Belle and Scotty: “I’m no Communist.”

https://www.youtube.com/watch?v=gudJgbvBnmo

Comment by phony scandals
2016-07-10 17:51:21

Written and recorded by husband and wife Scotty Wiseman and Lulu Belle, I’m No Communist (1952) was a country and western song, written in response to the HUAC hearings of 1950 and 1951. It begins as a condemnation of communism but then lurches into criticisms of government spending, increasing debt and high taxes.

Lyrics

We’re living in a country that’s the finest place on earth
But some folks don’t appreciate this land that gave them birth
I hear that up in Washington they’re having an awful fuss
‘Cause Communists and spies were making monkeys out of us

The bureaus and departments have been busy night and day
They’re figuring out just how we gave our secrets all away
And Congress has appointed a committee, so they said
To find out who’s American and who’s a low-down Red.

They call them up to Washington to speak for Uncle Sam
But when they ask them what they are, they shut up like a clam
I wish they’d take and put me on the witness stand today
I’d yell so loud old Stalin could hear me all the way

I’m no Communist, and I’ll tell you that right now
I believe a man should own his own house and car and cow
I like this private ownership, and I want to be left alone
Let the government run its business and let me run my own

Our government is bigger than it ever was today
The more they hire to work for it, the more they have to pay
Our public servants should be proud and honest you would think
Instead of taking bribes and dressing up their wives in mink

The taxes keep on going up of that there is no doubt
But still they just can’t take it in as fast as they dish it out
Our national debt is a monster size and growin’ every day
Our children’s children, still unborn are gonna have to pay

Our dollar used be the soundest money on this earth
But now two bucks won’t even buy a good old dollar’s worth
Unless we stop inflation and take care of what we’ve got
The Communists may win the fight and never fire a shot

I’m no Communist, and I’ll tell you that right now
I believe a man should own his own house and car and cow
I like this private ownership, and I want to be left alone
Let the government run its business and let me run my own

- See more at: http://alphahistory.com/coldwar/lulu-belle-scotty-im-no-communist-1952/#sthash.IzqzW6d2.dpuf

 
 
 
Comment by Raymond K Hessel
2016-07-10 17:25:07
 
Comment by Apartment 401
2016-07-10 18:01:59

Hey everybody let’s rally the base.

http://www.foxnews.com/world/2016/07/10/bin-ladens-son-threatens-revenge-against-us.html

The “base” then rallied it votes for the candidate that Sheldon Adelson purchased.

That Sheldon Adelson purchased.

That Sheldon Adelson purchased.

purchased…

 
Comment by azdude
2016-07-10 18:24:43

If janet yellen keeps stocks high people will be more willing to accept 0% on their puny savings accounts.

 
Comment by phony scandals
2016-07-11 07:43:52

“There is enough for her and the entire government to be brought down,” he revealed. “People do not realize how enormous this whole situation actually is.”

 
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